#以太坊大户持仓变化 Looking at this wave of gold market, I really can't hold on much longer.

**Why is gold so strong?**

On January 7th, during the Asian session, spot gold was fluctuating around $4499 per ounce. The London session was even more exaggerated, directly hitting a new weekly high, nearly $200 gained in a single day. Basically, it's because market risk aversion is at an all-time high.

The reasons behind this are a bit complicated—international tensions are unstable, combined with somewhat weak US manufacturing data. When market sentiment loosens, money flows into gold. Plus, last year gold rose by 66%, and everyone is still hoping the Federal Reserve will continue to cut interest rates. Central banks and gold ETFs around the world are continuously buying, which supports the upward movement of gold prices.

**What to watch for next?**

Traders need to keep a close eye this week. First, the US December non-farm payrolls report on Friday is a major event. Second, the Fed's upcoming interest rate cut pace will determine the medium- to long-term trend of gold. Today, the final December PMI figures for Europe and the US will also be released—don't oversleep.

**Technical outlook?**

Yesterday, gold formed a very nice bullish candle, closing above $4470. On the daily and 4-hour charts, Bollinger Bands and RSI are showing bullish signals, indicating the trend may continue.

Key levels to note:

Downward, $4455 is the key support and the dividing line between bulls and bears today. Below that, there are supports at $4445 and $4435. Upward, target $4520 and $4540 first. If it stabilizes above $4540, there's a high probability of pushing further to $4565. But if $4450 can't hold, be cautious of the market entering consolidation.

**How to trade more safely?**

The short-term strategy is clear—mainly long positions at lower levels, with some short positions at higher levels for assistance.

For longs, entering between $4440 and $4455 is suitable, with a stop-loss at $4435, targeting $4520 or $4540. For shorts, entering between $4550 and $4560, with a stop-loss at $4580, aiming for $4460 or $4470. Timing is important—don't jump in all at once; entering in batches will be more comfortable.