When I woke up, gold hit a new high!

Today, the gold market continued its strong upward trend, with international gold prices soaring again, reaching a high of $3167 per gram, and domestic gold prices also approaching $750 per gram. Looking back at the past year, the international gold price has risen by over $500, while the domestic gold price has risen by more than 100 yuan per gram. Such a strong trend is rare in the history of the precious metal market. In the past three months, we have always adhered to one direction - only excess, not empty, only buying, not selling. Even though the gold price hit a new historical high in the morning, we still firmly believe that there is still a high point above it. For intraday operations, we still recommend going long and looking towards higher prices.

From the news perspective, the ADP data released yesterday showed that the number of employed people increased by 155000, higher than the expected 111000 and the previous value of 77000, indicating a significant bearish trend. However, the price of gold did not experience a significant drop as a result, demonstrating strong resistance to decline. This is also the reason why we firmly placed multiple orders in 1718 during yesterday's evening trading. Overall, we have been defending with 3100 and firmly bullish. During yesterday's live broadcast, it was also mentioned that as long as the price fluctuates within the range or is sideways at the 3133 level, one can directly go long in the morning of this trading day, because there has been a wave of upward trend in the previous four trading days, and the trend has already established a certain regularity.

In addition, the implementation of Trump's tariff policy has become a significant positive factor. Previously, we analyzed that the impact of this policy is either a bottoming out rebound or a direct upward trend. The final market trend validates our judgment, forming a market trend that rises after a bottoming out rebound. In the current trend market, investors need to be clear that the news either accelerates the trend or temporarily delays it, but it is difficult to reverse the trend. The wheels of the golden bull market are rolling forward, and the core strategy for our future layout is still to be bullish on one side and bullish on the other.

In terms of intraday layout, it is recommended to rely on the top bottom transition position near $3133 as a defensive point, and to enter the market with multiple orders based on the support level around $3140, continuing to be bullish on gold. In a bull market, a pullback is a buying opportunity, a reversal is attracting people, firmly grasping the trend, following the market rhythm, and taking advantage of the situation.

Investment carries risks, and caution should be exercised when entering the market. The above suggestions are for reference only.