#数字资产市场动态 1.14 Precious Metals Market Analysis: Adjustments Are for Better Upside Potential

Stick to your trading strategy, and the market will eventually reward you. The seemingly short-term decline is actually a buildup before the next rally.

Gold's performance yesterday was a classic roller coaster—starting to rebound in the 4575-4580 range in the morning, we took a long position near 4580 and successfully booked profits. By the evening, before the CPI data was released, gold had already broken through the 4600 level, which is exactly the key threshold we emphasized earlier. The CPI was below market expectations, causing immediate volatility, but after breaking 4600, gold never looked back, reaching a high of 4630-4633 intraday, perfectly aligning with our analysis.

What’s next? Continue to focus on low-level long positions, but be cautious of short-term technical adjustments. The key support zone is around 4570-4580, which has been a battleground between bulls and bears recently. If this area is effectively broken, a deep correction may follow.

In the short-term trend, the probability of a significant breakthrough to new highs is relatively low. After a pullback, look for opportunities to go long again—that’s the main theme at the moment. During the day, keep a close eye on the 4580-4593 range; whether it can hold is crucial. Further down, the narrow range of 4578-4580 serves as short-term support, matching yesterday’s support characteristics; a stronger support level is at 4548-4555, which is the last line of defense for the correction. The main resistance above is at the 4650 round number, which is the key point for today’s rebound. $XAU