Will gold fluctuate significantly today?

anteontem

In the early Asian session on Wednesday (January 15), spot gold fluctuated slightly and is currently trading at $2,683 per ounce. Gold prices rebounded slightly on Tuesday, closing at $2,677.22 per ounce, after U.S. inflation data was slightly lower than expected, giving investors a faint hope that the Federal Reserve will continue to lower interest rates in 2025, and the U.S. dollar fell in response. The strengthening of the U.S. dollar and rising U.S. Treasury yields may still be unfavorable factors for gold in the first half of this year, but the demand for gold as a diversified investment tool will be enough to outweigh these unfavorable factors. On Tuesday, the U.S. 10-year Treasury yield continued to rise, once refreshing a more than 14-month high of 4.820%. This yield is regarded as a risk-free yield, the opportunity cost of holding gold in the market, and the rise in this yield will reduce the attractiveness of gold. In addition, concerns about Trump's policy uncertainty also provide support for gold prices, but U.S. Treasury yields continue to climb, which makes gold bulls cautious. Investors are currently waiting for the Consumer Price Index (CPI) on Wednesday to analyze the Fed's policy path.

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U.S. President-elect Trump will return to the White House on January 20. He has previously vowed to impose additional trade tariffs. Analysts expect this will trigger a trade war and reignite inflation. President-elect Trump said on Tuesday that he would set up a new department called the External Revenue Service, "to collect tariffs, import duties and all taxes from foreign countries." Trump is preparing to impose new import tariffs before taking office next week. In terms of geopolitical situation, negotiators are trying to agree on the final details of the Gaza ceasefire after marathon talks in Qatar, with mediators and both warring parties saying they are closer than ever to reaching an agreement. However, after more than eight hours of talks, a senior Hamas official told Reuters reporters late on Tuesday that the group is still waiting for Israel to submit a map for its withdrawal from Gaza. U.S. President Biden attended the talks together with envoys of President-elect Trump. Investors need to pay attention to relevant news. In addition, New York Fed President Williams and Chicago Fed President Goolsburn will deliver speeches on the trading day, which investors need to pay close attention to. In addition, pay attention to the release of the Beige Book of Economic Conditions by the Federal Reserve.

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Gold market trend analysis:
Gold technical analysis: The gold range has contracted and fluctuated, the daily physical K-line is small, and the short-term space has become passivated. If the space cannot be walked out, it will fall into a narrow range of contraction and saw-saw oscillation, and it is not strong or weak. The daily structure enters the triangle range. Although the low point is upward, forming a small step upward, the resistance at the upper track has not been effectively broken through, and there is no upward space for the time being. In the short term, it will continue to fluctuate back and forth within the range. If the gold rebound and rise is not sustained, then gold will continue to be a volatile market. Gold has poor sustainability recently. Don't chase the rise easily. Continue to short gold at a rebound high.

​The gold 1-hour moving average is about to enter a dead cross downward. If the gold 1-hour moving average forms a dead cross downward, then the gold downside space will be further opened. The market is changing rapidly. Gold is now a volatile market. Gold rebounds high and continues to short. On the whole, the professional and experienced gold analyst team recommends shorting on rebounds as the main strategy for short-term gold operations today, and long on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 2676-2680 resistance line, and the short-term focus on the lower side is the 2645-2650 support line.

Gold operation strategy:

1. Go long on gold when it falls back to the 2660-65 line, stop loss at 2655, target at 2675-80 line, and look at 2690 line if it breaks;

2. Go short on the 2690 line when gold rebounds for the first time, and cover short on the 2704 line when it rebounds, stop loss at 2711, and target at 2665-70 line;

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Trade ativo

Yesterday, the technical side of gold was in a volatile trading, ushering in a strong unilateral rise in bulls. The price in the Asian and European sessions fell slightly and stabilized at the 2669 mark and ushered in a volatile rebound. The European session continued to pull up and break through and stand above 2680 for further strong fluctuations. Finally, the gold price accelerated to break through the 2690 mark and closed strongly. The daily K-line closed with a volatile breakout of the middle Yang. After a trading day of adjustment and closing Yin, the overall price re-struggled to break through the high level and returned to the bullish strong area. In the short term, the gold price is expected to continue the bullish rise rhythm.

Today's lower support focuses on yesterday's hourly neckline around 2675-80. If you step back during the day and rely on this position to continue to do long, the trend remains unchanged. The upper short-term resistance focuses on the previous daily high point of 2726. The short-term bulls' strong dividing line focuses on the 2670 line. , the daily level stabilizes above this position and continues to maintain the rhythm of going long at low levels with the trend. Mainly participate in the trend. Short orders against the trend need to enter the market at key points.

Gold operation strategy:

1. Go long when gold returns to the first line near 2670, stop loss at 2661, and target the first line of 2696-2704;

2. When gold rebounds, short position near 2710, stop loss 2718, target 2680-85 line, break the position and look at 2670-75 line

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Trade fechado: objetivo atingido

Analysis of the latest trend of gold market:

Analysis of gold news: Spot gold rebounded slightly during the U.S. trading session on Thursday (January 16). The price of gold fell nearly $30 from the one-month high hit last Friday on Monday. The lowest intraday price hit $2,656.73/ounce and closed at $2,662.83/ounce. Last week's strong employment report consolidated the Fed's expectations of cautious interest rate cuts this year. The U.S. dollar rose sharply to the highest level in more than two years, and the U.S. Treasury yield hit a high of more than eight months, which blocked the gold price at the 2,700 mark. In addition, the breakthrough in the Gaza ceasefire mediation also suppressed the safe-haven demand for gold. The U.S. employment report released last Friday highlighted the strong momentum of the economy and made the outlook of the Federal Reserve unclear. The U.S. dollar index rose to 110.17, the highest since November 2022, during trading on Monday, but gave up its gains in late trading, and reported a weekly report of 109.59, a drop of about 0.05%. Trump will be sworn in as the President of the United States next week. The tariffs and protectionist policies he proposed are expected to stimulate inflation and may trigger a trade war, thereby increasing the appeal of gold as a safe-haven asset. People familiar with the matter revealed that the economic team of US President-elect Donald Trump is discussing slowly raising tariffs month by month to increase bargaining chips in a step-by-step manner while trying to avoid a surge in inflation. This has slightly cooled the market's concerns. The US December PPI data will be released this trading day, and several Federal Reserve officials will give speeches. Investors need to pay attention to them. In addition, investors need to pay attention to news related to the geopolitical situation.

Gold technical analysis: Gold's two consecutive positive daily lines have recovered the previous decline. It has re-touched the 2700 integer mark and closed at a high level at the end of the trading day. The probability of breaking today has increased. At present, the daily line structure has driven the moving average indicator to turn upward to form support, and the daily line structure has begun to change to a bullish upward trend. The daily line closed positive, and there is still a high point today. The daily support is near 2678, if it reaches it, you can go long. The Asian early trading session pulled back to 2692 and opened higher, proving that the market is still very strong. The current price of gold is close to resistance at 2719, so we will not chase it. If there is a signal above 2719, we can consider going short first. There is nothing to analyze today. Gold is bullish but cannot chase the rise.

In the bullish rising channel of the 4-hour chart of gold, the step-up rising channel is formed based on the low point of 2655. If the low point is not broken, the bulls will not change, although the process is slow. But the overall situation remains in a fluctuating rise. The 1-hour moving average of gold has entered the golden cross upward pattern again. The gold price has moved sideways and upward in the Asian session at 2685. The basic idea and direction are the same as those on Wednesday. As long as the decline stabilizes, we can continue to look at the bullish market. The market will break through 2720 points and form a new high. On the whole, our senior professional gold analyst team recommends that the short-term operation of gold today is mainly long on the pullback, supplemented by short on the rebound. The short-term focus on the upper side is 2726-2731 resistance, and the short-term focus on the lower side is 2700-2695 support.