At the start of 2026, global geopolitical tensions have suddenly intensified. Risk-averse sentiment is rapidly heating up, driving capital inflows into precious metals markets and becoming the core catalyst for yesterday's one-sided gold price rally. Short-term geopolitical disruptions will remain the key variable in gold price fluctuations.
Returning to the market action, from the 4-hour level, gold has broken through the previous consolidation resistance band, consolidating gains along short-cycle moving averages with sustained uptrend momentum. 4550 is the key short-term resistance level, worth monitoring for breakthrough.
On the hourly level, after the price traded sideways at higher levels, a second push higher has solidified the strong uptrend. However, technical indicators are flattening, suggesting a likely technical correction in the near term.
Intraday Operation Strategy: Focus on buying on dips as the main approach. Consider laying out long positions in the 4470-4475 range, targeting 4500-4520. Pay attention to risk management of position sizing.
1.7 Early Morning Gold View: Geopolitical Risk Heating Up, Risk-On Premium Dominates Short-Term Market.
At the start of 2026, global geopolitical tensions have suddenly intensified. Risk-averse sentiment is rapidly heating up, driving capital inflows into precious metals markets and becoming the core catalyst for yesterday's one-sided gold price rally. Short-term geopolitical disruptions will remain the key variable in gold price fluctuations.
Returning to the market action, from the 4-hour level, gold has broken through the previous consolidation resistance band, consolidating gains along short-cycle moving averages with sustained uptrend momentum. 4550 is the key short-term resistance level, worth monitoring for breakthrough.
On the hourly level, after the price traded sideways at higher levels, a second push higher has solidified the strong uptrend. However, technical indicators are flattening, suggesting a likely technical correction in the near term.
Intraday Operation Strategy: Focus on buying on dips as the main approach. Consider laying out long positions in the 4470-4475 range, targeting 4500-4520. Pay attention to risk management of position sizing.