Gold's recent rally is truly remarkable. On January 13th, the price surged to a new high of $4,630 per ounce in the early trading session, and is currently hovering around $4,593 per ounce. You might ask why the surge is so strong? There are indeed several factors.

First, the overall environment. The US dollar is under some pressure. The Federal Reserve's actions have raised concerns about its independence, which directly benefits gold. At the same time, global stability is somewhat fragile. Rising geopolitical risks, US military actions against Venezuela, and fluctuations in Iran have all driven safe-haven funds into gold. Additionally, central banks around the world are continuously buying gold, with China increasing its gold reserves for the 14th consecutive month. Moreover, the market strongly expects the Federal Reserve to cut interest rates by 2026, which lowers the opportunity cost of holding gold and provides strong support for gold prices.

From a technical perspective, the outlook also looks quite strong. The daily chart shows a large bullish candlestick, with clear bullish moving average alignment. The MACD is still in a golden cross with increasing volume, and the Bollinger Bands are opening upward, with prices running along the upper band, indicating strong bullish momentum. The 4-hour chart shows similar conditions: bullish moving averages, MACD continuing to rise with volume, and although the RSI has entered overbought territory, there are no clear reversal signals yet, so the bullish trend persists. On the hourly chart, things are a bit different: the Bollinger Bands are starting to contract, and the MACD golden cross is narrowing, indicating a weakening of momentum and a potential short-term correction.

Markets always present opportunities; the key is whether you can seize them. This rally is indeed strong, but managing risk and progressing steadily are even more important. Rational analysis, staying in sync with the rhythm—this is how the path to wealth is laid out.