January 24th Gold Latest Trend Analysis and Trading Strategy

Good morning everyone, I am Jin Dachuan. Gold prices surged past the 5000-point mark, reaching a high of around 4993, but ultimately stopped just before the key level, neither breaking through nor falling back significantly.

Overnight, the bulls launched a strong attack, fully releasing short-term momentum. Currently, the market is hovering below 5000 points, with both bulls and bears active but no clear winner. The bulls haven't exited the stage, waiting for a breakout opportunity; the bears want to suppress the price but are wary of strong support below. This is a high-level consolidation pattern, which is not a sign of an inability to rise.

The news is supported by geopolitical tensions and expectations of interest rate cuts, giving the bulls strong confidence. There are no signs of capital withdrawal. The current sideways movement is mainly a shakeout by the major players, preparing for a subsequent breakout.

Therefore, the trading approach is quite clear: focus on support levels:

- If the price stabilizes above 4955-4960 without breaking down, go for light long positions with tight stops at 4940, targeting the 4990-5000 range upper boundary, and if broken, look towards 5050.
- The 5000 level is clearly under pressure and not moving upward; consider light short positions on pullbacks with stops at 5010, targeting around 4960.

Key reminder: In a trending market, avoid guessing the top easily. Shakeouts and fluctuations are inevitable. Use stop-loss orders properly, follow the trend, and avoid fighting the market!#XAU #黄金白银再创新高