黄金连阳上涨，剑指5000关口，今日行情走势要点分析（2026.1.23）

Core Viewpoint - The gold market is experiencing a bullish trend driven by geopolitical tensions, a weakening dollar, and expectations of monetary easing from the Federal Reserve, which collectively enhance the appeal of gold as a safe-haven asset [2]. Group 1: Fundamental Analysis - Geopolitical tensions are escalating, particularly regarding Greenland, with the U.S. and NATO ensuring "comprehensive and permanent access" to the region, which is increasing market risk aversion and driving funds into gold [2]. - The dollar index fell by 0.5% to 98.28, nearing a three-week low, which reduces the cost for overseas buyers of gold; market expectations suggest the Federal Reserve may cut rates by a total of 50 basis points in the second half of 2026, lowering the opportunity cost of holding gold [2]. - The rise in gold prices is also boosting other precious metals like silver, platinum, and palladium, supported by industrial demand driven by geopolitical tensions, a weaker dollar, and ongoing supply chain uncertainties [2]. Group 2: Technical Analysis - On the daily chart, gold prices have shown a four-day consecutive rise, indicating strong bullish momentum and a robust market buying interest, with all moving averages in a bullish alignment, suggesting a solid medium-term upward trend [3]. - Key support levels to watch are between 4830 and 4820, which are critical for maintaining the short-term bullish trend, while the price is currently diverging from the moving averages, indicating potential for a short-term pullback [3]. - On the four-hour chart, gold prices are continuing their upward trend, with a focus on the support level around 4888-4880, which is significant for maintaining the upward momentum; resistance levels are identified at 4980-5000, with 5000 being a key psychological barrier [5].