1.15 Gold Morning Report: Bulls Break Through Strongly, Targeting 4660!



Yesterday, gold prices rebounded strongly after testing the key support at 4570, successfully breaking through the upper boundary of the consolidation range, making the bullish pattern increasingly clear.

Federal Reserve Policy Play: Divergence in market expectations for rate cuts continues to support gold prices. Geopolitical Risks Remain: Global uncertainties have not been fully eliminated, and safe-haven buying is brewing. ETF Holdings High: Gold ETF holdings remain high at 1070.8 tons, indicating institutional long-term optimism about gold. Initial Jobless Claims Data: Expected 215,000; if the actual data exceeds expectations, it may reinforce rate cut expectations, benefiting gold. After breaking through the consolidation range, gold has strong upward momentum and may continue to rise in the short term.

Key Support Levels: The 4615-4620 range is an important support for today's pullback and an ideal entry point for long positions. 4530 and 4493 are strong support zones below; you can confidently position long orders at these levels.
Long Positions:
Enter after the price stabilizes within the 4615-4620 range, with a stop loss below 4605, targeting 4640-4660.

If an unexpected pullback occurs near 4530 or 4493, you can decisively add to long positions.
Risk Reminder
There are many data releases today, and market volatility may increase. Please set stop losses strictly and operate rationally.
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