Analysis: The Road to $5000
Gold is currently experiencing its largest weekly trading range ever, driven by the "sell American products" trend sparked by geopolitical tensions and central banks diversifying their policies.
Current Situation: Gold is hovering just below the psychological barrier of $5000, closing the week at a level between $4982 and $4997.
Federal Open Market Committee Factor: The Federal Reserve's meeting on January 27-28 is the most significant event. While interest rates are expected to remain steady at 3.50% to 3.75%, any "easing" hint regarding future cuts could be the spark that finally pushes gold past the $5000 barrier.
Technical Warning: The Relative Strength Index (RSI) is high at 78.00, indicating that the metal is in the "overbought territory." This often precedes a short-term decline before the next rise.
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