January 12 Morning Gold Market Commentary

Good morning, everyone, as a new week begins!

First, let me share the core message: Gold is still in a strong bullish trend, with the hourly chart showing a steady upward movement. Currently, it’s fluctuating slightly at high levels, not indicating a decline, but rather a technical pause due to profit-taking after the rally.

There are plenty of positive factors supporting the continued strength of gold prices: central banks around the world are still buying gold, global geopolitical tensions are driving safe-haven demand, and the market generally expects the Federal Reserve to cut interest rates this year. Technical indicators also show that the bullish momentum has not yet been exhausted.

Key levels to watch:

Resistance zone: 4517–4520. If this range can be firmly broken, gold is likely to initiate a new rapid upward move.

Pullback to buy: 4490–4500 (a relatively safe zone for low-cost entry).

Short-term target: First, see if the 4500 level can be held steadily, then look for a breakout above resistance.

Trading tips (must pay attention!):

Only buy on dips within the pullback zones; avoid blindly chasing highs.

Strictly control position sizes and stop-loss levels; do not gamble heavily on the market.

Pay close attention to US CPI data (which will influence Fed rate cut expectations and directly impact gold prices), as well as the breakout/breakdown of the key support and resistance levels mentioned above.