#数字资产动态追踪 Gold January 6 Morning Technical Overview | Moving averages converge indicating a potential trend reversal, with 4422 as the bottom support

Last night, gold surged to 4455.67 and then started to fluctuate repeatedly. It is now trading at 4448.56, firmly above the 7-day and 20-day moving averages. It appears that the short-term moving averages are closely aligned, with bulls and bears still battling. The price is oscillating within a narrow range of 4440-4455, while the 90-day moving average remains at the lower support level of 4422.87—essentially the last line of defense indicating "no further decline."

Looking at a longer timeframe, the 7-day, 20-day, and 90-day moving averages are all in ascending order, which is a clear bullish signal technically. The medium-term trend still leans towards bullishness. The 4455.67 level is a recent hard top; breaking through it could lead to a rally towards 4480 or even 4500.

Today’s key focus is on the release of international economic data on January 6. The movements of the US dollar index and inflation data will directly influence gold’s direction. This morning, a range-bound consolidation is expected. My personal view is that the medium-term bullish logic remains intact. After the market opens around 7 am, short-term movements are likely to fluctuate sideways while gradually moving upward. The bullish pattern of the moving averages acts like an invisible rope, constantly pulling the price higher. The critical point is to watch closely the 4455.67 level. If the price can break through cleanly at the open, the upward trend is likely to continue, opening more space for gains.

Specific strategy: Once the price stabilizes above 4455.67, consider entering long positions cautiously, with a stop loss of 30-50 points, targeting 4480. Conversely, if the price falls below the support at 4443, it will likely retrace to the 4422-4428 zone. If it stabilizes in this area, look for opportunities to go long again. However, a key reminder—avoid chasing orders recklessly before the data is released; the risk is not worth it.

This is the rhythm of precious metals: technical patterns guide the direction, while fundamental data determine the turning points.