After the major震, expect evening fluctuations and corrections. The 5000 integer level becomes a lifeline for bulls and bears.

Analysis as of midnight on January 30, 2026
The market does not only rise; sharp declines are a test of strength. Holding key support levels allows for stable opportunities amid volatility.

News: Gold prices suddenly plunged from a high of 5450 to 4935.71, currently around 5034, down 7.42%. The main reason is that Trump is about to officially announce a hawkish Federal Reserve Chair candidate. The probability of a rate cut in March has fallen to 13.5%. US Treasury yields broke above 4.23%, combined with profit-taking from a 37% rally earlier. However, global central banks bought 1200 tons of gold in January, hitting a new high. China's central bank has increased holdings for 14 consecutive months, and physical demand before the holiday provides support.

Technical analysis: 4-hour RSI is oversold, MACD green bars are narrowing, indicating a rebound correction is needed; 1-hour Bollinger Bands are tightening, suggesting short-term consolidation. Support levels are 5000-5050, with strong support at 4950; resistance levels are 5180, with strong resistance at 5250-5300.

Trading suggestions: Focus on buying dips in the evening, with some short positions on rallies. Buy in batches around 4800-5020, with a stop loss at 4950, targeting 5150-5180; if a rebound hits resistance at 5180, take light short positions with a stop at 5210, aiming for around 4960.
Tonight, the Federal Reserve Chair decision will be announced, bringing high uncertainty. Strictly limit positions within 20% to prevent secondary volatility.

The above is for reference only and does not constitute investment advice. Please follow Cheng Jingsheng and Shipan's layout for specifics! $XAUT ‌#XAU