#比特币与黄金战争 The performance of gold in 2025 has been nothing short of crazy: soaring from $2,614 per ounce at the beginning of the year to $4,525 per ounce by the end of the year. Throughout the year, there were only two noticeable technical corrections in May and July; the other ten months saw continuous gains, during which seven new all-time highs were set, with the longest streak of consecutive gains lasting even four months. By December, the monthly chart closed with five consecutive bullish candles, showing no signs of any pullback.

From a weekly perspective, the situation is even more aggressive. The rally in August was a textbook example—nine consecutive weeks of upward movement. Recently, a new three-week rally pattern has begun, with the K-line firmly holding above the acceleration band of the medium-sized bullish candle, showing no signs of weakening. The daily chart has already broken through the key resistance level of $4,382 per ounce in October and has entered a new upward channel, with short-term potential for further gains.

From a long-term cycle perspective, 2025 feels more like a warm-up match. As we enter 2026, market institutions are already discussing a new target price of $5,000 per ounce, indicating that the bullish story for gold is far from over and may have just begun.

Technical suggestions: Focus on the support lines at 4470 and 4450. Any pullback to these levels could be a good entry point for bulls. The upside targets continue to look toward the $4,525 level and higher.