1.9 Morning Gold Analysis and Trading Guide

On Friday evening, the non-farm payroll data will hit hard. Please ensure proper risk management and cautiously respond to market volatility.

Morning gold market interpretation: The U.S. Embassy issued a warning that Ukraine will likely face large-scale airstrikes in the coming days. The geopolitical situation is heating up again—it's one wave after another, and risk-off sentiment may continue to disturb the gold market.

Reviewing yesterday's gold price movement, it bottomed at the 4407 level and failed to break through the key support of 4400, preventing the continuation of downside momentum, which led to a reversal of the trend. During the Asia-Europe session, gold prices maintained consolidation, and after entering the U.S. session, prices continued to rise, eventually closing at 4477. Keep an eye on upper resistance at 4485 and 4500 levels. The next focus is on the Asia-Pacific opening performance—whether it breaks through resistance directly or falls back for consolidation under pressure.

From the four-hour chart perspective, gold is currently in a high-level oscillation pattern, with the upper band applying downward pressure. If resistance cannot be broken to open upside space, there is a high probability of a pullback in the short term, but the pullback magnitude is expected not to reach the triple-digit range as before. Key support is noted around 4450.

Gold trading recommendations after the Asia-Pacific market opens:

1. Rally to 4500 level presents an opportunity to establish short positions, with targets in the 30-40 range, stop loss set above 4515;

2. Pullback to 4450 level presents an opportunity to go long, with similar targets around 30-40 points, stop loss set below 4438 level.

Subsequent market movements will require adjustment based on actual price action. Updates with revised trading strategies will be provided at that time.