Multiple positive factors boost gold prices to new highs, as the US government shutdown probability rises to 80%, and the US dollar declines for the third consecutive day, losing the 97 level; the Federal Reserve interest rate meeting is approaching, with bets on rate cuts intensifying. Tensions in the Middle East are high, risk aversion sentiment is at its peak, and gold bulls are strongly motivated.
Technically, the hourly gold chart broke through 5100 and surged to 5190+ to hit a new all-time high, with the MACD red histogram expanding, moving averages in a bullish arrangement, and effective support on pullbacks, indicating a clear upward trend.
Gold trading suggestions: Buy on dips around 5140-5155, with a stop loss of 10 points, targeting 5200-5220. If broken, hold for further gains towards 5250-5300.
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January 28th Jing Yi Morning Gold Review
Multiple positive factors boost gold prices to new highs, as the US government shutdown probability rises to 80%, and the US dollar declines for the third consecutive day, losing the 97 level; the Federal Reserve interest rate meeting is approaching, with bets on rate cuts intensifying. Tensions in the Middle East are high, risk aversion sentiment is at its peak, and gold bulls are strongly motivated.
Technically, the hourly gold chart broke through 5100 and surged to 5190+ to hit a new all-time high, with the MACD red histogram expanding, moving averages in a bullish arrangement, and effective support on pullbacks, indicating a clear upward trend.
Gold trading suggestions:
Buy on dips around 5140-5155, with a stop loss of 10 points, targeting 5200-5220. If broken, hold for further gains towards 5250-5300.
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