2026-01-05 07:26:22

Gold had a strong rally in the early trading session, pushing higher from around 4309, easily breaking through resistance levels like 4368, and ultimately stabilizing above 4420. The highest intraday touch was 4426, and the morning closing price remained at a high of 4422. The overall trend shows a one-sided bullish momentum with no significant corrections.

Looking at the news side, US manufacturing PMI data underperformed expectations, which directly stimulated market expectations of the Fed cutting interest rates early. The US dollar index retreated accordingly, and gold surged in response. Additionally, the current geopolitical tensions have heightened risk aversion, leading to increased capital inflows into safe-haven assets like gold, creating a resonance of multiple favorable factors.

From a technical perspective, on the 1-hour chart, the price broke through previous highs without a significant retracement. The moving averages are arranged in a bullish alignment, and the MACD histogram is expanding, indicating strong bullish momentum. The key level of 4400 has become a strong support. If the price can hold this level during the afternoon pullback, the bulls may continue to push higher. Even if there is a slight correction, it is normal in such a strong trend, and the overall bullish pattern remains intact.

For trading strategies, consider entering long positions in batches within the 4400-4410 range, with a stop loss below 4390. The initial target is 4435, and if broken, look for 4450. The core idea is to buy on dips rather than chasing highs; if the price surges directly, wait for a pullback to support levels before entering. If the price falls below the stop loss, exit immediately—don’t gamble against the trend.

Risk reminder: The above analysis is for reference only and does not constitute any investment advice. Gold trading involves significant risks; investment decisions should be made independently, and all risks are borne by oneself.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

MEVVictimAlliance

· 01-07 23:51

Once again, the Fed's interest rate cut expectations are causing a rally. This wave in gold is quite strong. Waiting for the 4400 support test, don't chase the high this time. The geopolitical situation is deeply imprinted, and the safe-haven rally continues nonstop. Is 4426 the top? It feels like it still has room to push higher. The MACD is expanding, and the bullish outlook looks comfortable, just worried about a midday plunge. Holding firm at 4400 without breaking it is the true pattern of a bullish trend. If the rate cut expectations this time fall short, it could be troublesome. A pullback to enter is much more solid than chasing highs. I'm waiting for 4405. If it breaks 4450, we continue to look at 5000, but don't get your hopes up. The moving averages are arranged so neatly, making long positions quite pressure-free. Stop-loss set at 4390 is quite prudent.

View OriginalReply0

LoneValidator

· 01-05 12:26

黄金这波真的猛，单边上来没回调，我看着都有点怕追高了 4400这个位置得守住，不然多头可能要熄火美联储降息预期一出来，资金就往避险资产冲，说起来也理解这波如果破4450我就认了，还是等回踩再上吧地缘局势紧张真的就是黄金的提款机啊

Reply0

DancingCandles

· 01-05 07:56

Once again, a unilateral surge. I should have gotten in yesterday; now I'm hesitant to chase the high. Honestly, if the 4400 support can't hold, I might consider exiting early to avoid getting trapped. The Federal Reserve's recent moves are quite interesting; the liquidity expectation caused gold to go crazy. Let's wait for a pullback. I believe there will be opportunities. Don't rush to chase at the 4450 moment. The risk aversion sentiment has risen this round, and it seems it can go higher, depending on when the dollar truly rebounds. The current question is whether the pullback is in place; it still feels like a game of chance. Can it continue to rise above 4410? I'm a bit worried this might be a false breakout.

View OriginalReply0

BearMarketNoodler

· 01-05 07:54

Once again driven by risk aversion sentiment. I'm tired of hearing this logic. Where is the genuine bullish momentum? A one-sided market is most prone to issues. Don't be fooled by the 4422 pattern. If PMI isn't good, cut interest rates? Wake up, this logic collapsed two years ago. Only when 4400 breaks support will I believe the bullish trend hasn't changed. Those chasing highs are just bagholders. Waiting for a pullback is the right move. This wave of risk-averse funds entered quickly and will exit just as fast. Be careful of getting hit by a flying knife.

View OriginalReply0

CryptoSurvivor

· 01-05 07:53

Damn, gold prices are soaring again. The era of not being able to hold 4400 is over. I'm a bit skeptical about this rally driven by expectations of rate cuts. Is the USD already backing down so quickly? Friends who didn't get in this morning, is it still okay to jump in now? Feels like chasing the high a bit. Those who are gradually buying around 4400-4410, are you already laughing out loud? When will another black swan event hit and disrupt the market? The continuous one-way rise is getting a bit boring. If the price can't hold above 4400 on a pullback, I'll just run. Anyway, gold isn't really a safe bet these days. Is geopolitical tension really that strong a driving force, or is it just funds speculating on concepts? This target of 4435 feels too conservative. Breaking below and rushing straight to 4450 would be more exciting. Honestly, I can't hold this position much longer. I want to wait for a big correction before jumping in.

View OriginalReply0

BridgeTrustFund

· 01-05 07:51

Gold has indeed been aggressive this wave, with no retracements at all, which is a bit unhealthy. The 4400 level must be defended, or it could get a bit risky. Expectations of interest rate cuts are being hyped up, but I always feel something's off. Be cautious when chasing highs; I'll wait for a pullback to decide. When the dollar weakens, gold takes off—such a familiar pattern. The sudden surge feels like a trend reversal; everyone be careful. I think 4450 is unlikely; let's first hold at 4420. Geopolitical tensions might be exaggerated; I really don't know when the peak will come. This kind of market should be bought in batches; don't go all-in at once. Buying on dips is much safer than chasing highs; remember this.

View OriginalReply0

CascadingDipBuyer

· 01-05 07:45

If we can't hold 4400, let's go all-in on the next support level.

View OriginalReply0

CryptoPunster

· 01-05 07:44

With expectations of rate cuts and geopolitical tensions, gold is taking off directly. We retail investors should just watch the excitement. Holding 4400 is really a big problem; I bet this wave will retest. The Federal Reserve's move really keeps the market guessing, dollar down, gold up, like watching a script unfold. I agree with the advice not to chase highs. Those who chased last time are still trapped writing reviews. If this trade can make money, I can understand those who go all-in, but unfortunately most of the time they just laugh and lose everything. Stop loss at 4390. This brother is truly clear-headed, much better than us who are just throwing a tantrum. Let's see how it goes in the afternoon; it feels like another grand and tumultuous market drama.

View OriginalReply0