Fundamental Analysis - Gold prices experienced volatility, testing support levels around $4804, following a record high of $4888.17 per ounce, driven by geopolitical tensions related to Greenland and U.S. President Trump's policy shifts [1][3] - Trump's initial threats regarding tariffs on NATO allies to secure Greenland's resources heightened market fears of a new global trade war, prompting investors to flock to gold as a safe haven [3] - The subsequent retraction of Trump's tariff threats at the World Economic Forum calmed market fears, leading to a rebound in stock indices, while gold prices saw a temporary decline to $4756 before closing at $4831, reflecting a 1.4% increase [4] - The U.S. Supreme Court's questioning of Trump's attempts to dismiss a Federal Reserve official has raised concerns about monetary policy uncertainty, which historically supports gold prices [4][5] - Despite short-term corrections, the long-term outlook for gold remains positive due to inflation expectations, geopolitical conflicts, and potential resource competition in the Arctic [5] Technical Analysis - Daily charts indicate a volatile trading session with gold reaching a high of $4888, followed by a significant pullback, suggesting potential profit-taking risks for bulls, yet the overall trend remains bullish [8] - Short-term price movements have shown a strong upward trajectory since $4300, with recent challenges around the $4880 level indicating a need for caution among traders [8] Trading Strategy - Long positions are recommended above $4750 with a stop loss at $4740 and targets set at $4790 and $4830 [9] - Short positions are suggested below $4830 with a stop loss at $4840 and targets at $4800 and $4765 [9]
金荣中国:现货黄金震荡测试下方支撑,基本守住隔夜美盘回吐空间
Sou Hu Cai Jing·2026-01-22 08:03