January 15th Gold Market Technical Analysis and Trading Ideas

Good morning everyone! I am Jingwen. The short position I set up near 4640 last night was perfectly closed for profit. Gold experienced a technical rebound late at night, with the highest rally reaching 4642 before encountering resistance. Subsequently, lacking follow-through momentum, it retreated to the 4625 level and stabilized.

From the chart structure, after falling from the high of 4642, the gold price did not break through the key support level of the previous bullish trend, indicating that selling pressure is relatively limited. The current 4620–4625 range has evolved into a short-term tug-of-war zone. As long as this 4620 level is not effectively broken, the overall pattern remains a consolidation after an upward move.

Jingwen's strategy:
Once the price stabilizes around 4600, consider adding to long positions in batches, with a stop-loss set below 4590. The short-term target is locked at 4640, and if broken, look further towards 4650. #美国消费者物价指数发布在即 $XAU $BTC