Old Lion's Gold Evening Review 1.12: 4600 Resistance Hitting, Will It Break Through Tonight?
Today's daytime gold showed a steady upward trend followed by consolidation at higher levels. Old Lion has been closely monitoring the direction and providing updates accordingly. The morning session started its rise from 4526, reached a session high of 4601, then slightly pulled back, consolidating around the 4580-4600 range. The bullish trend remains strong.
From a fundamental perspective, the positive factors currently supporting gold prices have already been fully priced into the market. The safe-haven sentiment triggered by geopolitical tensions was fully reflected during the morning's rapid price surge; the expectation of rate cuts driven by weak U.S. non-farm data did not generate new buying momentum in the afternoon trading session, instead triggering some profit-taking by traders at higher levels. Additionally, the previously mentioned silver margin requirement tightening—a liquidity-related disturbance—did not significantly impact gold's movement in the morning, but given gold's current high-level stagnation, such potential negative factors may now carry greater market influence.
Technically, focusing on the 1-hour timeframe, gold exhibits a stepwise upward structure, with the moving averages maintaining a bullish alignment. The 4601 level represents a key short-term resistance, while the 4580-4590 range serves as the first support zone for any pullback. The MACD indicator has turned downward at a high level, yet volume hasn't shown significant contraction, suggesting that tonight's market is likely to see a pullback for consolidation before another upward push.
Old Lion's evening recommendation: enter long positions around the 4565-4575 range, set stop-loss below 4560, with targets at 4600-4610. If broken, further upside could reach 4620-4630.
$XAU $BTC $ETH
#美国非农数据低于预期 #美国贸易逆差 #MSCI暂不排除数字资产财库公司 #币安钱包TGE
Today's daytime gold showed a steady upward trend followed by consolidation at higher levels. Old Lion has been closely monitoring the direction and providing updates accordingly. The morning session started its rise from 4526, reached a session high of 4601, then slightly pulled back, consolidating around the 4580-4600 range. The bullish trend remains strong.
From a fundamental perspective, the positive factors currently supporting gold prices have already been fully priced into the market. The safe-haven sentiment triggered by geopolitical tensions was fully reflected during the morning's rapid price surge; the expectation of rate cuts driven by weak U.S. non-farm data did not generate new buying momentum in the afternoon trading session, instead triggering some profit-taking by traders at higher levels. Additionally, the previously mentioned silver margin requirement tightening—a liquidity-related disturbance—did not significantly impact gold's movement in the morning, but given gold's current high-level stagnation, such potential negative factors may now carry greater market influence.
Technically, focusing on the 1-hour timeframe, gold exhibits a stepwise upward structure, with the moving averages maintaining a bullish alignment. The 4601 level represents a key short-term resistance, while the 4580-4590 range serves as the first support zone for any pullback. The MACD indicator has turned downward at a high level, yet volume hasn't shown significant contraction, suggesting that tonight's market is likely to see a pullback for consolidation before another upward push.
Old Lion's evening recommendation: enter long positions around the 4565-4575 range, set stop-loss below 4560, with targets at 4600-4610. If broken, further upside could reach 4620-4630.
$XAU $BTC $ETH
#美国非农数据低于预期 #美国贸易逆差 #MSCI暂不排除数字资产财库公司 #币安钱包TGE