1.13 Gold Strategy Analysis: After Consolidation, Upward Potential Remains

Recently, gold has experienced a sharp rally, with prices soaring from 4497 to a new high of 4630. The rally has since paused, entering a high-level consolidation phase.

The short-term correction was slightly stronger than expected, with a small rebound demand, but overall it remains in a correction cycle; although bullish momentum has weakened and the upward pace has slowed, the major upward trend remains intact. Currently, it is only a phase of temporary adjustment within the trend.

From last night’s US session to this morning’s trading, gold’s movement is a normal retracement after a rally: after reaching 4630, it failed to continue upward, instead fluctuating narrowly between 4590 and 4600, with the amplitude gradually narrowing. This clearly indicates — bullish funds have not exited; they are only temporarily resting and accumulating, waiting for a new wave of upward attack.

Light Position Long Entry: Place a light long position around 4595, with a stop loss at 4585, targeting 4615—4620.

Add Positions on Follow-up: If the market retraces to 4570—4580, consider adding to long positions, with a target of 4620—4640.