#密码资产动态追踪 January 9 Gold Price Trend Analysis | Bulls Entering Accumulation Phase, 4460 as Decision Level

Let's review the market—

There are interesting signals on the hourly chart. The Bollinger Bands are gradually narrowing from an opening, indicating that the previous intense volatility has come to an end, and we are now officially entering a consolidation phase to build up momentum.

On the fundamental side, the US initial jobless claims data was not as hawkish as expected, which eased market concerns about the Federal Reserve continuing to raise interest rates. Meanwhile, the dollar, after breaking above 104, has started to weaken again, indirectly creating more room for gold prices to rise.

The technical aspect is even more crucial. Yesterday, gold prices rebounded after falling below 4415, forming a clear bullish bottoming pattern, with strong buying support below. Looking upward, 4480 is a tough resistance; whoever can break through this level has a chance to push toward 4500. Looking downward, the 4455-4460 zone is the real support line; as long as it holds, the overall bullish trend remains intact.

Trading strategies to participate—

First: Gradually build long positions in the 4450-4460 range, with a stop loss at 4440, and gradually reduce positions as targets are reached in the 4480-4490 range.

Second: If a rebound to around 4485 faces resistance, consider lightly shorting with a stop loss at 4497, targeting the 4450-4457 zone.

Overall, this market feels like both bulls and bears are accumulating strength. The key is whether they can effectively break through those resistance levels.