1.27 Gold suddenly plummets! The 5000 level has been breached, is it a 'top' or a 'pit'?

In the early morning, gold prices fell below the 5000 level, and many people are torn about whether to chase or fear. In fact, this wave of gold and silver has reached historical highs (gold broke 5100, silver surged to 109), and the upward trend is hard to stop quickly, primarily depending on the Fed meeting on Thursday to avoid hawkish statements.

Currently, there are not many selling pressures — last Thursday when it fell by 130, those who needed to exit already did, and the ones entering are mostly central bank reserves or short-term buyers above 4900; Europe's selling of US bonds and possible intervention in the yen (selling dollars to buy yen) are all favorable for gold and silver. The only thing to watch is the US stock market; if there is a significant drop causing a liquidity crunch, gold and silver may initially follow the decline, but the subsequent rebound will be quick.

The surge in gold is a long-term resonance of global credit, currency, geopolitics, and capital, not a short-term bubble. Don't confuse allocation with speculation; distinguish between short-term fluctuations and long-term trends, and a calm strategy is more reliable.

From the 1-hour chart, after gold prices broke through the 5000 USD level, short-term bulls concentrated their efforts, surging to 5111 before being quickly pulled back by profit-taking; currently, it has entered a high-level consolidation phase. The 5000 USD integer level has successfully stabilized, and the breakthrough of this key psychological level opens up space for subsequent upward movement, further boosting market bullish sentiment.

Specific gold trading strategy:

Gold 4985-4995 stabilizes, stop-loss below 4975, target first at 5020, after breaking through look at 5100.

Gold 5020-5030 encounters resistance, stop-loss above 5040, target first at 4985, after breaking through look at 4900.

If you are stuck in confusion about trading, unable to hold onto your positions and missing the rhythm, watching the market rise but always missing out, don't stick to it stubbornly. I don’t have flashy gimmicks here, only solid strategies and a steady pace.

Feel free to chat anytime; perhaps our conversation will be the start of your turnaround! #黄金 $XAU