Analysis of the latest gold market trends:
Analysis of gold news: On Monday (January 20) in the European market, spot gold maintained its rebound trend, and the current gold price is around $2,711/ounce; gold traders will focus on the inauguration of US President-elect Donald Trump, whose remarks may cause sharp market fluctuations. On January 20, Eastern Time, US President-elect Trump will hold an inauguration ceremony, and the highlight of the ceremony - Trump's swearing-in ceremony and inauguration speech will be held at 12 noon Eastern Time, when Trump will officially start his second presidential term. The outside world expects Trump's extensive trade tariffs to further stimulate inflation and trigger a trade war, which may increase the safe-haven appeal of gold. Looking ahead to this trading day, gold prices are still facing the risk of two-way fluctuations. The thin market trading during the holiday and speculation around Trump's "first day" executive order may exaggerate the fluctuations of gold prices. The uncertainty of Trump's tariffs and trade policies on the global economy and their potential impact on economic growth are expected to maintain the safe-haven demand for gold. In addition, January 20 (Monday) is "Martin Luther King Day", and the US stock market will be closed for one day.
Gold technical analysis: Gold prices bottomed out and rebounded in the early Asian session, and the low point happened to be at the 2690 line, which is also consistent with the point expected by our professional and senior gold analyst team last week. Gold has opened a deep V rebound pattern with a large amplitude. For now, the early trading directly continued to decline. In the short term, it is expected to retrace the four-hour lower line and the weekly chart gap. The hourly chart is also short-selling. Therefore, for the current market, theoretically speaking, it is definitely a rebound high to short. There is no US market today, so waiting for the rebound to short can only be a slogan. Although the market continues to fall, it is not suitable for chasing shorts. The upper pressure is 2713. If it rebounds to this point during the day, an effective short order can be made. The lower side gradually sees 2690 and 2680, and the strong force directly sees 2650.
The 4th cycle of gold is very obvious. 2725 peaked, Bollinger closed, and after continuous negative closing, the moving average spread up and down. At the beginning of the week, it should at least go to the 2670 support point below. Therefore, this proves that 2680 will definitely break, and the trend this week will definitely Will switch, therefore, to be firmly bearish on gold until the effective expected target is reached. On the whole, our professional and senior gold analyst team recommends rebound shorting as the main operation strategy for gold today, and callback longing as the auxiliary. The short-term focus on the upper side is 2720-2725 resistance, and the short-term focus on the lower side is 2695-2690 support.
Trade active
Gold has been rising since the early Asian session today, and the high point of the European session has reached 2732. Combined with the current trend of the US dollar index, the rise of gold during the day is mainly due to the market's extreme bullish sentiment. However, this kind of extreme sentiment is not easy to control. In the future, a steady stream of bullish injections are needed for gold to remain strong. However, judging from the expectations of future fundamentals, this possibility is still relatively low, so for the current gold price If it is strong, you must still maintain a high degree of vigilance and do not blindly chase the rise.
Combined with the daily and hourly chart structures, the current gold trend is still beyond the normal operating rules, but there is also a fight around 2733 today, so we must also be wary of this pressure. The lower part of the U.S. market focuses on the competition for the 5-day line of 2710. Technically, we still hope that the market will fall back to the 5-day line and conduct a regular technical correction. Otherwise, the current emotional trend will still have a great unconventional risk.
For US market operations, it is recommended to sell short at 2730/2732, and look down to 2720 and 2712.
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