#策略性加码BTC January 14th, Wednesday Gold Market Outlook and Trading Strategies

Gold has hit a new high again, and this rally truly is impressive.

Reviewing yesterday’s movement—early in the session, gold prices fluctuated within the narrow range of 4575-4590. In the evening, better-than-expected CPI data provided a boost, pushing gold up to the 4635 level before pulling back. The key support to watch now is at 4560; if it holds, there’s a high probability of further upward movement.

From the candlestick patterns, after consecutive bullish days, a Doji star has appeared, indicating that bullish momentum is gradually weakening. The MACD volume has also diminished, and the KDJ has entered the overbought zone. In the short term, there’s a possibility of a slight correction or pullback in the gold price. There’s no need to chase the high; waiting for a pullback to the support level before entering would be more prudent.

Practical trading advice:
Go long within the 4560-4580 range, with the first target set at 4650-4680.

By the way, some are also looking at long opportunities in $BTC.