2026-01-05 23:21:22

Spot gold today is supported by multiple positive factors. Global risk aversion sentiment continues to rise, driving the gold price to open higher yesterday and maintain an upward trend; the Federal Reserve's December meeting minutes released positive signals, with most officials supporting a rate cut in 2026. The market expects the first rate cut to potentially start in March, and the real interest rate environment provides support for medium- to long-term gold prices; more importantly, the People's Bank of China has increased its gold holdings for 13 consecutive months, and the global central bank gold-buying enthusiasm remains high, building a solid defense line at the gold price bottom. Any pullback could present a good opportunity for bulls to buy the dip.

From a technical perspective, 4395 is a key entry point. On the hourly chart, this level is supported by the 100 EMA and the 38.2% Fibonacci retracement, and it is also a healthy retracement level after the previous breakout of the 4402 neckline. The candlestick pattern shows a "bullish engulfing" stabilization feature, and the moderate volume increase further confirms the validity of the support.

For adding positions, 4378 is worth watching. On the daily chart, this area is a resonance support zone between the Bollinger middle band and the MA30, corresponding to the 50% Fibonacci retracement level. The market tested this area three times, each time rebounding strongly, confirming the support strength.

The risk defense line is set at 4367. This level is at the upper edge of the strong support zone, with the upward trendline and previous lows providing double protection. If broken, the bullish structure on the daily chart may be damaged, and a death cross on the MACD could serve as a warning, with subsequent support possibly falling to 4330-4340. If the closing price indeed breaks below 4367, the short-term trend may weaken, and stop-loss should be executed decisively.

Overall, the target for this gold upward trend is in the 4495-4520 range. In the short term, close attention should be paid to the US December ISM Manufacturing PMI data, to guard against the short-term suppression caused by a strong US dollar index. (For market reference only, not investment advice)

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MintMaster

· 01-08 19:25

The central bank is aggressively buying gold, this wave really has some confidence. --- Entering at 4395? I just want to know if it can surge to 4520 in one go haha. --- It's the same old Fibonacci, EMA, MACD... this combo really is unbeatable. --- If it breaks below 4367, I have to run. This line is drawn pretty harshly. --- Expectations of Fed rate cuts + central bank support, gold prices are determined to rise. --- Always bouncing back at support levels, I wonder if this time will be an exception... --- ISM data to watch closely, as soon as the dollar strengthens, it's GG. --- Good opportunity for buying low? I've already gone all in with my money, no matter what. --- This technical analysis is quite detailed, but I don't know if the live market will cooperate this well.

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TokenToaster

· 01-08 19:20

The central bank has been buying gold for 13 consecutive months. This signal is incredible, and the bulls are very confident. --- Entry at 4395? I think 4378 is more attractive. The support level that has bounced three times before won't deceive us. --- The Fed's rate cut expectations are rising. Gold should have risen already. --- Once 4367 is broken, you need to run quickly. Don't be greedy. --- Waiting for the ISM data. If the dollar remains strong, it will be troublesome. Gold could be easily hammered down. --- The target for this wave is 4495-4520. I plan to build some positions at 4378. --- The central bank is stockpiling gold, so what are retail investors still hesitating about? --- The bullish engulfing pattern is indeed good; there is still support. --- Setting such a detailed defense line is truly professional. I believe in it. --- Gold's bottom is so solid; a pullback is just an opportunity to buy the dip.

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Ramen_Until_Rich

· 01-08 03:56

The central bank has been buying gold for 13 consecutive months—this move is no joke at all. --- The 4395 price level sounds reasonable, but I really want to know when it will truly take off. --- MACD death cross and Fibonacci ratios again—fine, I'll trust you this time. --- If the Fed's March rate cut actually materializes, gold is probably going to skyrocket. Waiting to see. --- Once 4367 breaks, we have to exit. I've got this risk defense line locked in. --- Every rally seems to target 4500+—is this one real or fake? --- What does the central bank's gold-buying spree really indicate? Are global investors losing faith in the dollar? --- Technical support levels everywhere, but I'm afraid of a black swan event—who could save us then? --- Should I add to my position at 4378? Maybe I'll wait a bit longer. There's a decent chance it drops anyway. --- The ISM manufacturing data is a variable that's getting annoying. We'll probably get hammered when it comes out.

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alpha_leaker

· 01-06 13:49

The central bank has been buying gold for 13 consecutive months, and this move is truly remarkable... Feels like the bottom is really solidified. --- Entering at 4395? I think 4378 is the real entry point; it tested three times before and rebounded each time. --- What if the dollar suddenly becomes strong? This kind of data risk is the most annoying. --- Stop loss immediately if it breaks below 4367; don't be greedy at this position. --- Gold price is pushing towards 4520; this move is quite interesting. Let's wait and see how it develops. --- The rising risk aversion is the key to gold now, especially with the current tense global situation. --- The technical setup looks quite orderly, but I'm worried about sudden negative news breaking the level overnight. --- Expectations of rate cuts are positive, but what if the Federal Reserve turns hawkish... There are too many uncertainties in the market. --- 4378 is indeed a good ambush point; I've been waiting here too. --- Bollinger middle band resonance? Sounds very professional.

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OptionWhisperer

· 01-05 23:40

The central bank has been aggressively buying gold for 13 consecutive months, and this signal is very clear—the bottom is definitely in place. --- 4378 is a solid support level; it’s been tested multiple times and always rebounded. I believe in it. --- If it breaks below 4367, it’s time to exit. Don’t be greedy; safety first. --- Regarding the Federal Reserve’s rate cut expectations, gold still has long-term potential. --- Target 4495-4520? Just wait and see. Anyway, I already hold a position at 4378. --- ISM data might cause some turbulence again; is the dollar about to act up? --- "Double support," "resonance zone"... These phrases are used every time, but the fact that it keeps rising proves they’re not wrong. --- The central bank’s aggressive buying—why are retail investors still hesitating over technicals? Follow the trend. --- Is there a high probability of breaking below 4367? It feels like the foundation is still quite solid. --- This wave of gold market movement is supported by risk aversion sentiment; it’s not easy to push down in the short term. --- Set the stop-loss at 4367. That’s a responsible suggestion, so I’ll follow that.

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GasWaster

· 01-05 23:40

ngl the bridge fees to get into this gold play would probably cost more than my actual position rn... but 4395 looking spicy tho 👀

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AirdropJunkie

· 01-05 23:36

The central bank has been increasing its holdings for 13 consecutive months. Now, no one can short gold anymore, haha. --- Once 4367 breaks, you have to run; don't be greedy. --- With such strong expectations of Fed rate cuts, what reason is there for gold not to rise? --- The technical chart is so perfect, who dares to short? Truly amazing. --- If the US dollar index makes a move, it will probably retest 4378. --- 13 months in a row, the central bank's move is serious. --- Wait until it drops to 4378 to add positions; the bottom is already set. --- Remember the risk line at 4367, don't lose too much.

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MevShadowranger

· 01-05 23:29

The central bank is frantically buying gold, the signal is too obvious. Are retail investors still struggling with technical analysis? --- Entry at 4395? I am optimistic, but I prefer to buy at the bottom of 4378, as the rebound potential is greater. --- Once the FOMC minutes are released, it's clear that rate cuts are inevitable. Gold prices have already locked in a bottom. --- Break below 4367 and cut losses immediately. Don't talk to me about support. The biggest fear when trapped is overconfidence. --- 13 consecutive months of increased holdings. Is this a message to the world that paper money is about to be finished? --- Will the ISM data bring another black swan to disrupt the market? The most annoying thing is the noise from US data. --- Short-term suppression, long-term bullish outlook. I will quietly wait for 4500.

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FloorPriceWatcher

· 01-05 23:25

The central bank has been buying for 13 months in a row, this move is serious, and gold prices are firmly at the bottom. Entry at 4395? It depends on how the dollar behaves. If it breaks below 4367, it's time to run; don't be greedy. Target 4520, listen to the US, whether it can reach there is uncertain. Before the US PMI is released, it's better not to be reckless; risk defense lines must be maintained. 13 months, huh? This is like playing chess. Fibonacci strategies are deep; no matter how fancy the technicals are, fundamentals must support the buy. The central bank is stockpiling, and we need to follow the rhythm. Has the 4378 level rebounded three times? Need to verify if it's real. Expectations of rate cuts, risk aversion sentiment, and central bank gold purchases are all in play; a bullish pattern is intact. Stop-loss points must be set in advance; otherwise, a gap could be disastrous. As the dollar strengthens, even hard gold can't withstand it; be cautious. This wave's target is 4520, aiming to reach 4395 first before moving on. The central bank's actions are always the strongest signal; other technical indicators are just followers.

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