January 21, 2026

Today during midday, spot gold prices surged quite strongly, reaching a high of 4888, setting a new all-time high. The main reason is the international instability—conflicts between the US and Europe over Greenland, additional tariffs, tense Middle Eastern situation, and everyone buying gold as a safe haven. Plus, central banks around the world have been accumulating gold, the US dollar has weakened, all pushing gold prices upward.

However, there is a current situation: gold prices are already in overbought territory. Just like when you buy too much of something, it will pull back. In the short term, there might be a slight decline to digest the gains. Technical analysis is no longer very effective at this point. Currently, the enthusiasm continues to soar, and we don't know when it will peak. We need to seize the opportunity at the right time with minimal loss to maximize profits, following the trend.

Trading strategy: Suggest buying on dips around 4830--4840 with a light position, adding at 4825, with a stop loss near 4815. Target near 4875--4895, and hold if broken, aiming for 4900.

The above is only personal advice, for reference only, not investment advice. Please follow Jing Sheng Shi Pan's layout for specifics!#现货黄金再创新高