The gold situation in 2024 is very promising, with a large bullish trend on the annual line, adding momentum to the bullish trend for 2025. However, the monthly line shows two bearish candles at a high position, sounding an alarm for the bulls; 2025 may experience a dip first. Although there is long-term support for an upward trend, the bulls should not be complacent.

The four-hour market initially broke through the upper line but turned bearish under the pressure of the mid-term moving averages. On Tuesday, it rebounded after hitting the bottom and strengthened again, still within a downward channel, showing a slightly bullish pattern;

The hourly chart shows weakness at a high position, indicating a consolidation pattern; the 30-minute chart shows a rebound after hitting the bottom, indicating a bullish outlook. Overall, today we should buy on dips first. When the hourly chart breaks through the acceleration line and then falls back, we will follow up and short when the four-hour chart completely turns bearish.

Pay attention to resistance at 2639 - 2645 above and support at 2620 - 2622 below.

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