1.14 Gold Morning Core Strategy: Range Trading as Main Approach

Gold yesterday fell from 4634 to 4569, with a intraday decline of 0.22%. It appears to be a correction, with bulls and bears pulling back and forth, but the overall bullish trend remains unchanged!

Why do I say that? In the long term, the controversy over Federal Reserve policies, occasional geopolitical risks, central banks around the world buying gold, plus the trend of de-dollarization—all are strong supports for gold; however, there is a small short-term interruption — recent hawkish comments from Federal Reserve officials, saying there’s no rush to cut interest rates for now, which prevents gold from soaring continuously and instead causes it to fluctuate within a range.

Looking at the technical aspect: the downward momentum has clearly lost strength, and the rebound demand is now particularly evident!

Here is the operational strategy for today:

Long positions: Wait until the price stabilizes at 4570-4580 before entering, with a stop loss below 4560. First target is 4600, then push to 4620. A strong breakout would look at 4630.

Short positions: If the price rises to 4620-4630 and encounters resistance and then falls back, you can enter. Set the stop loss above 4640. First target is 4590, then lower to 4580.