#数字资产市场洞察 Gold has broken its historical high again. Last week, the U.S. inflation data was released. Although the government shutdown has somewhat discounted the reference value of the data, overall, inflation continues to decline moderately, providing ample room for the Fed's expectations of future interest rate cuts. At the same time, initial jobless claims continue to fall, indicating good employment stability. Coupled with the strong rise in silver and the accumulation of geopolitical uncertainties, after digesting the market, gold has reached a new high again.

From a technical perspective, gold fluctuated quite a bit at a high level last week, with several doji candlesticks, ultimately choosing to break upwards. On Thursday, it surged to 4374 before quickly retreating, forming a daily double bottom around the 4308 level, and then created another doji. On Friday evening, it surged again near 4356, only to be immediately knocked back to the 4335 support.

The bullish outlook remains unchanged this week, but we need to be cautious during the Christmas period as profit-taking from high positions could happen at any time, so there is no need to rush into buying at high prices. Focus on the support level at 4350; if it retraces to the right position, that will be an opportunity for positioning.

Gold recommendation: Build long positions in the 4348-4353 range, targeting 4390 and 4400;
Silver suggestion: Build long positions in the 66.7-66.8 range, targeting 69 and 69.2.