Today, let's talk about gold, which might be the most certain opportunity recently. Many people have been watching the gold price fluctuating above 5000 dollars, feeling uncertain about whether to jump in or stay on the sidelines. My view is clear: Don't panic, this is just a "refuel" during the upward trend, the big market for gold is far from over!

First, let's talk about the fundamentals: Why can we still be bullish?

When trading, one cannot only rely on candlestick charts; it’s important to understand the underlying logic. The logic supporting the rise of gold right now is the strongest I have seen in my career.

First, you need to see what the "national team" is doing. Global central banks, especially Asian central banks, have been increasing their gold holdings for 15 consecutive months! Data from JPMorgan indicates that this year, global central bank gold purchases are expected to reach as high as 755 tons. These clever investors are voting with real gold and silver; do you think they are doing it for a small profit? No, they are hedging against massive uncertainties in the future, particularly concerns about the credibility of the dollar. This provides a very solid "policy floor" for gold prices.

Secondly, the world order is changing. Geopolitical risks are rising, and the dollar’s dominant position is being shaken. In this context, gold, as a "hard currency" that does not rely on the credit of any country, has its safe-haven value infinitely amplified. In the past, we always said that gold was negatively correlated with the dollar, but now we see a situation where both "strong dollar" and "strong gold" coexist, indicating that gold has embarked on an independent trend!

Finally, let's look at those "smart folks" on Wall Street. They have also turned their ships around and are now bullish on gold. Major investment banks like Wells Fargo, Deutsche Bank, and JPMorgan now have target prices starting at 6000 dollars, even looking at 6300 dollars. Do you think they are fools? They smell money!

Therefore, the fundamentals tell us that the logic for a long-term bull market in gold is very clear; what we need to do now is find the right entry point.

Now, let's look at the technical aspects: The upward channel is our wealth code

The fundamentals give us confidence, and the technicals provide us with entry points. The chart I've been watching shows a perfect upward channel has formed.

As you can see, after the price started from 4655 dollars, it has been steadily rising along the channel I drew. The lower boundary of this channel is now around 5000 dollars, which is our lifeline. Every time the price pulls back to this point, it is quickly pushed up by a strong buying force, forming several beautiful lower shadows. What does this indicate? It indicates that the support at the bottom is very strong, and the bulls have a strong hold.

Currently, the price is consolidating around 5050 dollars, which is a very healthy trend. It's not that the price can't rise; rather, it is washing out excess positions to lighten the load, in preparation for an energy buildup to break through the upper boundary of the channel (about 5100 dollars). Once it successfully breaks out here, the upward space will be completely opened.

To do well in your work, you must first sharpen your tools

In such a good market, a smooth and stable trading platform is crucial. And Hyperliquid offers top-notch matching speed, trading depth, and smooth experience in today’s market. Especially during periods of extreme volatility, a good platform allows you to seize fleeting opportunities and enables you to exit smoothly when needed.

In summary: The fundamentals have sounded the horn for a bull market, and the technicals have provided the map for entry. The only thing left to do is bring your execution ability and follow this train of wealth!

Start now, join Hyperliquid, and become a gold and silver trader.

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