Let's talk about the upcoming levels and outlook for gold.

On the Zhima platform, you can buy and sell spot gold and contracts. I estimate that many beginners don't know this, so let me explain. Spot gold is $PAXG , and gold contracts are $XAU .
In this bull market, each time the price breaks below the parabolic structure, the average retracement is about -10%.
Therefore, the next phase of this trend could push up to around 5000.
Then, there will be another approximately -10% correction, followed by a push to new highs.
Having discussed the technical aspect of gold, let's now look at the fundamental reasons for gold's rise.
Russia's gold reserves are close to China's, at 2,500 tons. The gains over the past two years have offset all assets confiscated by the West.
China has already surpassed India to become the world's largest gold holder, with nearly 30,000 tons of gold in the private sector. The price increase over these years has added the equivalent of 3 trillion USD or 20 trillion RMB in wealth to the private sector.
If gold prices increase fivefold again, it could directly replace the dollar's payment function. By then, mining on other planets and underground mining will also be profitable. An endless supply of gold will usher in humanity's golden age. The process of mining gold is also the process of creating jobs and currency. Unemployment and inflation will no longer exist.
This is an inevitable outcome. The dollar is the mortal enemy of gold. The recent reckless printing of dollars has inevitably caused gold to surge.
The US is looting its allies, robbing Venezuela and Greenland. Essentially, this is a response to the inevitable deadlock in the financial system.
So you should understand why gold has been rising all along. #现货黄金再创新高