1.7 Perspectives on Gold in Early Morning: Geopolitical Risks Heating Up, Risk-Off Premium Dominates Short-Term Sentiment.

At the start of 2026, global geopolitical tensions have suddenly intensified, with risk-aversion sentiment rapidly heating up, driving capital inflows into precious metals markets and becoming the core catalyst for yesterday's unilateral gold price rally. Short-term geopolitical disturbances will continue to be a key variable in gold price volatility.

Returning to the price action, from a 4-hour timeframe perspective, gold has broken through the previous resistance band with row-on-row pressure, consolidating gains along short-cycle moving averages with rising oscillations. The bullish trend shows strong continuity, with 4550 being a key short-term resistance level that requires attention for potential breakout scenarios.

On the hourly timeframe, price has staged a second rally following consolidation at higher levels, reinforcing the stronger trend structure. However, technical indicators are showing signs of blunting, suggesting a high probability of technical correction in the near term.

Intraday Trading Strategy: Focus on buying on dips as the main approach. Consider positioning long orders in the 4470-4475 zone, with targets at 4500-4520. Pay close attention to position risk management.