January 14 Morning Gold Analysis

After the overnight CPI data release, gold prices once surged to 4634, but due to insufficient volume, they failed to stabilize. In the latter part of the US session, prices retreated to 4570, showing a typical "profit-taking and profit reversal" pattern. This pullback did not trigger panic selling but rather appeared to be a major force completing a high-level shakeout, and the market has since returned to a consolidation phase.

From the 4-hour chart, gold is in a high-level oscillation and correction stage, with limited retracement strength and persistence. The 4570-4560 range provides effective support. Overall, after the short-term adjustment ends, the trend is expected to continue upward, with particular attention to the rhythm and strength of the correction.

In terms of trading, as long as the 4570 level is not effectively broken downward, maintain a bullish outlook, with targets in the 4630-4650 range.