Analysis of gold market trend on Monday

27 Jan

Analysis of gold news: Spot gold fluctuated and fell in early Asian trading on Monday (January 27), and is currently trading around $2,757/ounce. Gold prices continued to rise by 0.6% last Friday (November 24), reaching a high of $2,785.86/ounce during the session, just one step away from the historical high of $2,789.95, closing at $2,770/ounce, up 2.5% on a weekly basis, the fourth consecutive week of gains, as uncertainty about US President Trump's trade policy has caused the dollar to lose momentum, thereby boosting demand for safe-haven gold. The dollar fell 0.63% on Friday to close at 107.46, with a weekly decline of 1.77%, marking its worst weekly performance in more than a year. People expect that the tariffs imposed by U.S. President Trump will be lower than previously feared and are unlikely to Triggering an international trade war. In addition to the Fed's interest rate decision, this week will also release the US December durable goods orders monthly rate, the Bank of Canada's interest rate decision, the European Central Bank's interest rate decision, the US fourth quarter GDP data, and the US December PCE data. It can be said to be a super week, and investors need to make position adjustments in advance. The survey shows that most analysts and retail investors tend to be bullish on the trend of gold in the next week.

Gold technical analysis: Gold closed higher last week, approaching the previous high of 2789, and then paused slightly in the small cycle near 2785. The overall weekly K-line closed at a high level. The overall rhythm of last week was a unilateral step-up, which was relatively stable, with a step back, but the overall upward trend was good. Although it surged on Friday, it formed a small hammer-shaped positive line with an upper shadow line. The overall trend showed signs of adjustment. Therefore, we should not chase the bullish trend and consider it when it falls back. As for the short position, it is unreasonable not to go short when it is close to the new high. From the current market, the upper pressure has moved down to the 2783 line. Gold fell back under pressure from the historical high on Friday. Gold fell. Without breaking through the historical high pressure, gold rebounded in the early Asian trading and continued to go short.

The gold 4-hour chart is a step-by-step oscillatory upward channel. With the release of space, the volume energy is slightly weakened, which may be accompanied by a wash-like consolidation and correction move, and it will turn back step by step. It will accumulate momentum to recover and rise again. Combined with the weekly closing, there should be an inertial rise this week. However, after breaking through the high, the indicator in the attached picture will enter a high level, and there will be a need for correction. At that time, it will depend on the correction method in the market, whether it is a strong consolidation correction or a deep correction. The two methods should be combined with the intraday pattern. Different layouts, strong consolidation correction or sideways and then higher, deep retracement correction. It is easy to go back and forth and then rise after washing losses, which is more challenging to grasp the entry point. Try to be more prudent at the beginning of this week and set the time after the European market. Gold rose and fell in 30 minutes. Gold opened directly with a gap in the morning. The strength of gold bulls began to be insufficient. The resistance above gold still suppressed the rise of gold. Gold continued to go short at highs under the pressure of the historical high of 2790 in the morning. Gold rebounded near 2780 and could be shorted first. If gold falls below 2763, gold shorts will continue to exert force. The market is changing rapidly. Since gold cannot break through the historical high in one fell swoop, it is still difficult to break through directly in the short term. Gold will continue to be short after rebounding in early trading.

On the whole, our professional and senior gold analyst team recommends rebounding shorting as the main strategy for short-term gold operations today, and callback longing as the auxiliary strategy. The short-term focus on the upper side is 2772-2777 resistance, and the short-term focus on the lower side is 2745-2740 support.

27 Jan

Dagangan aktif

On 1.27, gold shorts made a strong move and gold fell strongly. Has the bullish trend been broken?

Judging from the 4-hour market analysis, the top of gold will focus on the short-term suppression of the 2754-2760 line. Below, we will focus on the 2718-25 line of support. The rebound will mainly be short selling, and the main tone of follow-the-trend participation remains unchanged.

Gold operation strategy:

1. Short-selling at the rebound of gold at 2754-2760, stop loss at 2768, target at 2724-2728;

28 Jan

Dagangan ditutup: sasaran tercapai

Analysis of gold trend on January 28

On Tuesday (January 28) in the European market, gold maintained a fluctuating trend in the $2,746 area, which was affected by a combination of factors. US President Donald Trump's trade tariff remarks have rekindled inflation concerns and promoted a moderate rebound in US Treasury yields. The change helped the dollar rebound from a one-month low hit last Monday and became an important headwind for gold.

However, the intensifying inflationary pressure brought about by Trump's trade policy has limited gold's downside. Although tariff remarks will have a potential impact on the global economy, the market is full of concerns about the economic consequences of this situation, which has supported the demand for gold as a safe-haven asset. Against this background, traders seem to be cautious about the upcoming Federal Reserve (FOMC) meeting and dare not make aggressive directional bets easily, which also prevents gold prices from fluctuating violently.

Additionally, US macro data may provide some fresh impetus during the North American trading session. Gold prices previously broke above horizontal resistance in the $2,720-$2,725 range and showed some resilience below the 23.6% Fibonacci retracement level of the December to January uptrend. Our professional team of senior gold analysts believes that this shows that gold prices are likely to maintain their upward momentum, but it is also necessary to pay attention to the market's uncertainty about future trends.

Technical analysis:

From a technical point of view, gold's price trend is currently in a consolidation phase. The choppy consolidation on the daily chart suggests gold's short-term price is likely to remain range-bound. After breaking through the horizontal resistance of $2720-2725, gold prices showed some upward momentum. Despite this, technical indicators such as oscillators remain in the positive zone, showing that the market's bullish sentiment is strong, which means that the upward movement of gold prices still has some potential.

However, recent trends in gold prices suggest that the market may face certain risks without strong following buying. If gold prices fall below the previous lows in the $2730 area and move down to the $2725-2750 resistance-turned-support area, further downside space may be opened. Assuming that gold prices fall further, they may fall to the $2707-2705 range, close to the 38.2% Fibonacci retracement level, and the target of further correction may be the 50% Fibonacci retracement level near $2684.

On the contrary, from a technical perspective, gold prices are also likely to break through upward resistance, pushing prices higher. The current initial resistance is in the $2757-2760 range, followed by the previous swing high in the $2772-2773 area. If gold prices break above these levels and move past the $2,786 upside target, it would mean further confirmation of the bullish trend. If the price breaks through the key level of $2800 at this time, it may trigger new buying and push gold prices to continue the upward trend of the past month or so.

Comprehensive analysis

Combining fundamental and technical factors, gold prices may maintain a volatile consolidation trend in the short term. Demand for gold as a safe-haven asset remains supported even as U.S. President Donald Trump's trade policies have raised inflation concerns and pushed up the dollar and Treasury yields. Technically, although the gold price is currently in a fluctuating consolidation pattern, it still has the momentum to rise overall. Whether gold can break through the $2,800 mark in the future, we need to pay attention to the further reaction of the market and the results of the Federal Reserve meeting.

In short, the gold price may fluctuate in the range of $2,725-2,760 in the short term, and the prospect of long-term rise still exists, especially after breaking through the key technical level, gold may usher in a new wave of rising market

Today, the upper short-term resistance is around 2758-2760. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target continues to focus on breaking the bottom. The short-term support focuses on the 2733-2725 line. The overall support of the day relies on this range to maintain the main tone of high-level short-selling and low-level long-selling cycle participation. When the gold price is in the middle position, be cautious in chasing orders and wait patiently for key points to enter the market.

Recommendations from a team of professional and experienced gold analysts Gold operation strategy:

1. Short-selling at the 2758-2760 line of gold rebound, stop loss 2768, target 2735-2725 line;