Good morning! Gold (XAU) has been on an upward trend since the low point on January 9. The trend has continued steadily upward. It has already broken through the key level of 4500, forming a classic stepwise rally, with a clean moving average alignment and a clear bullish pattern. Trading volume has also increased simultaneously, indicating that major funds are continuously entering the market. The price has reached a high of around 4630.
We are now in a correction phase after the upward wave — this is normal. The morning session saw a pullback from 4630, but no trend reversal signals appeared during the correction, and the critical 4560 neckline was not broken. From a technical perspective, this is a healthy retracement, so there's no need to worry excessively.
What’s the next step? The approach is quite clear:
**Bullish scenario**: If the 4565-4575 range stabilizes, consider entering long positions. The target levels are gradually set at 4600 → 4620 → 4650. Once the 4650 level is broken, there’s a chance for a new high.
**Risk management**: If the 4560 line is broken and cannot quickly recover, it indicates that the bullish momentum might be weakening. In this case, consider a small short position on the right side, targeting 4545 and 4520.
$BTC $ETH also warrants continued attention for synchronized movements.
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#策略性加码BTC 1.13 Gold Morning Technical Analysis
Good morning! Gold (XAU) has been on an upward trend since the low point on January 9. The trend has continued steadily upward. It has already broken through the key level of 4500, forming a classic stepwise rally, with a clean moving average alignment and a clear bullish pattern. Trading volume has also increased simultaneously, indicating that major funds are continuously entering the market. The price has reached a high of around 4630.
We are now in a correction phase after the upward wave — this is normal. The morning session saw a pullback from 4630, but no trend reversal signals appeared during the correction, and the critical 4560 neckline was not broken. From a technical perspective, this is a healthy retracement, so there's no need to worry excessively.
What’s the next step? The approach is quite clear:
**Bullish scenario**: If the 4565-4575 range stabilizes, consider entering long positions. The target levels are gradually set at 4600 → 4620 → 4650. Once the 4650 level is broken, there’s a chance for a new high.
**Risk management**: If the 4560 line is broken and cannot quickly recover, it indicates that the bullish momentum might be weakening. In this case, consider a small short position on the right side, targeting 4545 and 4520.
$BTC $ETH also warrants continued attention for synchronized movements.