#MSCI未排除数字资产财库企业纳入范围 Gold Market Review: January 12th Market Analysis

The daytime market rhythm is quite interesting—gold initially surged in a single direction, starting around 4526, quickly reaching 4601 to touch a recent high, then began to consolidate repeatedly in the 4580-4600 range. The bullish momentum remains decent, but resistance is encountered above.

From a news perspective, the positive factors driving gold have largely been absorbed by the market. The risk aversion triggered by geopolitical conflicts earlier in the morning, which pushed buying activity and caused a rapid rise in gold prices, has been fully priced in; the less-than-ideal US non-farm payroll data and the resulting rate cut expectations in the afternoon did not spark new buying interest. Instead, profit-taking at high levels increased. Another detail—although the silver margin limit did not directly impact gold in the early session, with gold stuck at high levels now, such potential negative factors may gradually start to show their effects.

On the technical side, switching to the 1-hour K-line, gold is moving in a stair-step upward pattern, with moving averages aligned bullishly. 4601 is a recent resistance level, and 4580-4590 is the first support zone. Interestingly, the MACD has turned at high levels, but trading volume has not significantly decreased, which usually indicates a possible pullback to gather strength tonight before attempting to push higher again.

Based on this analysis, consider going long in the 4565-4575 range tonight, with a stop-loss below 4560 for safety. The initial target is 4600-4610. If this level is truly broken, there is room for 4620-4630.