#美国消费者物价指数发布在即 The recent gold market has been extremely volatile. On January 12th, London gold suddenly exploded, soaring over $120 in a single day, rushing to $4630 per ounce, hitting a new record high. By the 13th in Asian markets, spot gold was still hovering around 4590.

Why is it so fierce? Two bombshell events ignited the market: one was Trump launching an investigation into the Federal Reserve Chair, instantly triggering concerns about the Fed's policy direction; the other was the US announcing a 25% tariff increase on countries with dealings with Iran, tightening the geopolitical tension. Safe-haven funds flooded into gold, directly pushing prices to new highs.

From a technical perspective, the situation is quite clear. The daily chart shows continuous upward movement, with prices soaring along the upper band of the Bollinger Bands, MA7 and MA10 anchored at 4515 and 4460 respectively, indicating bullish dominance. The four-hour chart's moving averages are all expanding upward, with prices operating above the middle of the Bollinger Bands, but after reaching 4630, the RSI surged to overbought territory at 80, then pulled back at the end of the session. The hourly chart's moving averages are tangled together, and the Bollinger Bands are starting to contract, suggesting a likely pattern of a dip followed by a rise within the day.

In the short term, the bullish framework for gold is hard to reverse, but this week's economic data and court developments need close attention—don't be fooled by short-term fluctuations. Trading-wise, mainly look for long positions—enter around 4550 to 4560, with a stop at 4540 (exit immediately if broken), targeting 4630 to 4650. Support levels are at 4573, 4550, and 4525, while resistance levels are at 4618, 4635, and 4662. As long as key supports are not effectively broken, the bullish trend remains intact.