In the blink of an eye, 2024 is coming to an end. The past year seems to have been better than 2023, but it seems that some industries have become even worse. Before 2020, the world economy was in a business cycle. After 2020, with the outbreak of the pandemic, as well as the conflict between Russia and Ukraine and the Middle East, many restrictions and rules were broken, and competition and games between major powers broke through established principles, causing the world's monetary and financial systems to face an unprecedented credit crisis and driving up the bull markets of Bitcoin and gold. This has caused a huge impact on economic development, but it is an opportunity amidst danger. This is an era of change, creating myths, and subverting cognition. Emerging things are constantly emerging. As investors, we need to maintain great confidence in the future, because in the financial market, all impossibilities are self imposed, assumptions, records are constantly being refreshed, and myths are constantly being created. Next year, the Chinese economy and stock market are worth looking forward to.

Gold, yesterday's white market continued to fluctuate under the pressure of 2632, but after retesting around 2622 during the evening US trading session, it directly broke through and hit the 2639 line at its highest. At present, the operating rhythm is in a pattern of fluctuating rebound and upward trend. The upward momentum is not strong, but it is constantly reaching new highs. After breaking through 2632, it means that the short-term bearish pattern has been broken, and there is a possibility of further rebound and rise to the 2650-2660 area. So, despite the continuous fluctuations in the European market yesterday, we decisively adjusted our short positions and followed up with long orders before the US market.

Before and after Christmas, market volatility significantly narrowed. From a technical perspective, after breaking through 2632 in the short term, the short-term trend will continue to fluctuate and rise, with a 4-hour level showing a pattern of fluctuating and rising. From the short-term hourly chart, it was retested around 2622 last night and then rose, but the closing fell again. Therefore, whether it can continue to strengthen today is the key. If broken, continue; if not broken, continue to oscillate.

In the short term of the day, gold continued to rise based on the 2628 position. After breaking through 2632, the market rhythm has changed. There is no expectation of weakness in the short term, and volatility is still the main trend. The 2628 position was the resistance level that continued to be under pressure in the European market yesterday. After breaking through, the top and bottom converted, which is today's buying entry level. The short term is bullish, and the strong resistance area is 2650-2660.

At present, this kind of oscillation and slow rise. Once there is an accelerated rise, or a surge and fall below the key support level, attention should be paid to the situation of another sharp decline in the short term. Therefore, the current trend of following the trend is short-term thinking. Remember to fast in and fast out. Once the surge reaches near the resistance zone, buy long orders and leave in a timely manner.

If the white market does not continue to be strong today and cannot break the high, we should pay attention to the decline and retreat of the US market again. However, the nature of the market has not changed. It is still an upward pattern of shock, with small amplitude and slow pace. So, if the white market does not break through last night's 2639, before the US market, long orders should consider adjusting their positions and being eliminated. Conversely, if the white market breaks through 2640, the US market is expected to accelerate its rise and form a short-term high. Pay attention to changes in rhythm and magnitude, volatile market conditions, only short-term, flexible response.