#美国贸易赤字扩大 Gold prices are once again moving around in that familiar trading range.
The recent gold trend is actually quite obvious — it's oscillating up and down within an ascending channel. It recently surged to the top of the channel and got pushed back. On the 1.15th, the white market opened with a "decline-then-rise" pattern. In the morning, it briefly tested the lower support zone and stabilized, then gradually recovered losses in the afternoon. It's now consolidating around the 4612 area. It appears gold prices haven't broken out of this channel range. The bulls and bears keep pulling around the channel's upper and lower bands. Today's probe lower also confirmed that the lower support is indeed effective.
The macro picture is interesting. The US December CPI data came in slightly higher than expected, which momentarily cooled enthusiasm for rate cuts, but subsequently the non-farm employment data disappointed, which brought rate cut expectations back. Today's particularly watched initial jobless claims data reflects the actual state of the US employment market. The dollar index rebounded briefly then fell back, which instead provided direct upward momentum for gold. Combined with scattered geopolitical safe-haven sentiment, this also provides certain support for gold prices.
From a technical perspective on the 1-hour chart, gold is clearly operating within an ascending channel. The 4600 level is the key support line in the near term. Today's retest here led to immediate rebound, indicating the support strength is solid. The channel resistance around the top is approximately 4640. The moving average system shows a standard bullish alignment. The MACD red column previously shrank but is now expanding again, with short-term rebound momentum recovering. However, note that KDJ is approaching the overbought zone — once pushing higher, be cautious of potential short-term pullbacks.
For operations, there are three approaches:
First is the primary strategy. When gold drops to the 4600-4605 zone, enter long positions in tiers with stop-loss at 4595. First target is 4625-4630. If this breaks, continue chasing toward 4640.
Second is the auxiliary approach. Lighten positions and go short at 4635-4640 with stop-loss at 4645, targeting a pullback to 4615-4610.
Third is the contingency plan. If gold strongly breaks through 4640, follow the momentum and go long with stop-loss adjusted to 4635, targeting 4650 above.
Overall, the short-term strategy is mainly bullish on dips, waiting for support bounce opportunities. $ETH $BTC $XAU
#美国贸易赤字扩大 Gold prices are once again moving around in that familiar trading range.
The recent gold trend is actually quite obvious — it's oscillating up and down within an ascending channel. It recently surged to the top of the channel and got pushed back. On the 1.15th, the white market opened with a "decline-then-rise" pattern. In the morning, it briefly tested the lower support zone and stabilized, then gradually recovered losses in the afternoon. It's now consolidating around the 4612 area. It appears gold prices haven't broken out of this channel range. The bulls and bears keep pulling around the channel's upper and lower bands. Today's probe lower also confirmed that the lower support is indeed effective.
The macro picture is interesting. The US December CPI data came in slightly higher than expected, which momentarily cooled enthusiasm for rate cuts, but subsequently the non-farm employment data disappointed, which brought rate cut expectations back. Today's particularly watched initial jobless claims data reflects the actual state of the US employment market. The dollar index rebounded briefly then fell back, which instead provided direct upward momentum for gold. Combined with scattered geopolitical safe-haven sentiment, this also provides certain support for gold prices.
From a technical perspective on the 1-hour chart, gold is clearly operating within an ascending channel. The 4600 level is the key support line in the near term. Today's retest here led to immediate rebound, indicating the support strength is solid. The channel resistance around the top is approximately 4640. The moving average system shows a standard bullish alignment. The MACD red column previously shrank but is now expanding again, with short-term rebound momentum recovering. However, note that KDJ is approaching the overbought zone — once pushing higher, be cautious of potential short-term pullbacks.
For operations, there are three approaches:
First is the primary strategy. When gold drops to the 4600-4605 zone, enter long positions in tiers with stop-loss at 4595. First target is 4625-4630. If this breaks, continue chasing toward 4640.
Second is the auxiliary approach. Lighten positions and go short at 4635-4640 with stop-loss at 4645, targeting a pullback to 4615-4610.
Third is the contingency plan. If gold strongly breaks through 4640, follow the momentum and go long with stop-loss adjusted to 4635, targeting 4650 above.
Overall, the short-term strategy is mainly bullish on dips, waiting for support bounce opportunities. $ETH $BTC $XAU