Yesterday was busy with affairs, and I was unable to provide timely insights during the session, missing key breakout points; from the market trend, after a high-level consolidation, a significant drop below the moving average and the middle band of the Bollinger Bands triggered concentrated stop-losses, resulting in an accelerated decline, hitting a low of 4878, which is a typical emotional sell-off.

Currently, the price is weakly consolidating around 4900, with moving averages in a bearish arrangement and insufficient rebound volume, the structure still leans bearish; the market is waiting for the U.S. January CPI, if the data exceeds expectations, it will strengthen high interest rate expectations, and gold prices may test the support level around 4880 again.

The main strategy in the morning is to short on rebounds, focusing on the pressure zone of 4920-4940 to lay out short positions looking at 4890-4875; if the data is favorable and stabilizes above 4950, then stop-loss the short positions, and follow the trend with long positions, but be sure to control the position size.

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