January 21st Gold Evening Latest Trend Analysis and Trading Strategy

Good evening everyone🌃, I am Jingwen. Today, gold prices kept soaring and hitting new highs. Don't try to guess the top; there is no top above! Be patient and wait for a pullback opportunity!

Currently, gold is in a trend-driven upward phase, characterized by a strong state that doesn't give chances for pullbacks and continues to lift the center of gravity. The price is gradually rising along short-term moving averages, with successive new highs, but the pace remains calm and steady. As long as there is no volume-driven breakdown during the pullback, and no consecutive long bearish candles breaking through the current upward structure, this rally is not yet over.

Looking at the news, market risk pricing continues to rise, with increased volatility in global bond markets. Many funds are beginning to worry about sovereign credit and interest rate outlooks; geopolitical and trade uncertainties are repeatedly mentioned. Even if there is no immediate escalation, these factors are enough to keep safe-haven allocations at high levels. Coupled with the long-term support logic of central banks continuously increasing gold holdings, gold is essentially passively absorbing market capital inflows.

It is important to note that gold is currently at a relatively high level, and the short-term cost-effectiveness of chasing the rally has significantly decreased. This slow upward trend often results in sideways consolidation after rapid surges in certain segments or sudden quick retracements, which essentially serve to shake out late buyers.

Trading Suggestions:
- If the price stabilizes after falling back to the 4858-4862 range, try a small long position, with the first target at 4885, and further aiming for 4900.
- If there is a volume breakout and stabilization above 4890 tonight, and a pullback does not break below 4880 support, follow the trend and go long! Target at 4910-4920.

The above is only my personal opinion and does not constitute investment advice. The market carries risks; please trade cautiously.#Gate每10分钟送1克黄金 #现货黄金再创新高 #社区成长值抽奖十六期