#黄金 Cherry Talks Gold: After a spike to 4525, gold plummets! The bearish trend for the evening is set.
Today's 1-hour gold K-line shows significant volatility, with prices first surging to a peak of 4525, then quickly plummeting and finally oscillating around the 4480-4490 range. The current quote is 4489, clearly indicating a weak characteristic of rising and falling within the day.
On the news front, the U.S. December manufacturing and services PMI preliminary values both exceeded expectations, raising market expectations for a soft landing of the U.S. economy, which strengthened the dollar index; Federal Reserve officials sent hawkish signals, weakening rate cut expectations, leading to a rise in U.S. Treasury yields; at the same time, global risk sentiment has warmed, with funds withdrawing from safe-haven assets, and multiple bearish factors collectively suppressing gold's movement.
From a technical perspective combined with the news, the significant drop in gold after the spike to 4525 indicates heavy selling pressure above. The MACD on the 1-hour chart has formed a death cross pointing downward, releasing bearish momentum, suggesting that gold is likely to continue its correction this evening, with a focus on selling at highs in operations.
Recommendation: It is suggested to position near 4500-4495.
Target looks at 4475-4450-4430.
Disclaimer: This analysis and strategy are for technical reference only and do not constitute investment advice. Gold trading carries high risks, and investors need to make their own decisions and bear all responsibilities.
