Last weekend, we mentioned that gold breaking through the $5000 mark on Monday was highly probable, and today’s opening perfectly fulfilled that. The gold price not only firmly stood above $5000, but also reached a high of $5046.58, completely in line with our goal of "breaking 5000 and aiming for 5100".

Gold opened high today and strongly broke through the $5000 mark, reaching a peak of $5046.58, and currently maintains a high position above $5010 with fluctuations.

From a technical perspective, the daily level bullish arrangement is perfect, with MACD red bars continuously expanding, clearly showing a primary upward trend; on the 4-hour chart, the upward wave that started at $4402 is still accelerating, showcasing the strong bullish power with characteristics of "shallow declines and rapid rises".

Looking ahead, breaking through $5000 is just the beginning; the bullish feast continues. Next, we need to pay attention to the support at the $5000 mark, as a pullback would present another opportunity to enter the market again; $5100 is the next important target level.

#黄金 $XAU