January 30, 2026

Spot Gold Morning Strategy:

After plummeting 500 points, it fluctuated, and the monthly line closed like this

The roller coaster of spot gold is too exciting, falling more than 500 points from nearly $5,600, and now the monthly line is about to close, and it is in a narrow range of shock corrections in the morning, and the long and short do not dare to make effort.

The reason for the Daifuku correction last night was that everyone rushed to buy and avoid the previous geopolitical risk and the central bank's gold purchases; Now the decline is so ruthless, first, institutions have made enough money to sell off, second, the Fed has not let go of interest rate cuts, and said that inflation has not fallen in place, the strengthening of the US dollar has suppressed the price of gold, coupled with the exchange raising margins, leveraged funds are forced to close positions, and the more it falls, the more it sells, causing a stampede. But the long-term benefits are still there, the central bank is still increasing its holdings, and the problem of dollar credit has not been solved, so no one dares to short again after falling through.

In the morning, there is a high probability that it will still be affected by last night, and the overall shock pullback is the mainstay, and it is recommended to rebound to around the 5400-5420 range, take light positions, and target near the 5340-5300 range

From the perspective of the outlook, the general trend is still strong, and this plunge is a short-term wash. In the morning, focus on risk control to make a small amount of money, and then consider increasing the position in the afternoon or European market to make a more secure layout.

The above is only a personal suggestion, for reference only, does not constitute an investment basis, please refer to the layout of Cheng Jingsheng Shipan for details!! $XAUT ‌#XAU