2026-01-19 00:25:16

Gold performed brilliantly in the early trading session today. It opened with a gap up and the spot gold price directly broke above 4670, with an intraday increase of nearly 1.5%. This upward momentum is indeed worth paying attention to.

Why is it so strong? Several factors are at play. First, the international situation is still fermenting—the sovereignty dispute over Greenland, strategic tug-of-war between the US and Europe—all of which have led to a decline in market risk appetite, naturally attracting safe-haven buying. Second, expectations of a rate cut by the Federal Reserve are heating up. Although January seems unlikely, from June onwards, the probability of a rate cut is clearly rising, which is a long-term positive for gold. Additionally, global central banks are continuously increasing their gold reserves, providing a support base for gold prices.

How does the technical outlook look? Gold recently hit a historic high of 4642. Although there was some correction on Thursday and Friday, it is now breaking upward again. This indicates strong bottom-buying interest. However, it’s important to note that the 4650 level previously acted as resistance. If it can break through and hold steadily, it may turn into a new support level. Once stabilized, the price could aim for 4680, or even touch 4700.

Today’s key point: First, see if 4630 can hold. If there is a pullback, focus on the support zone of 4620-4630, followed by the previous support/resistance level of 4580-4590. Also, do not ignore the movements of the US dollar index and US economic data. A strengthening dollar can easily suppress gold’s rally.

From a trading perspective, the current trend remains bullish, and it’s not recommended to short casually. If the market pulls back to around 4620-4630 and stabilizes, consider a light long position. Conversely, if it rises to 4680-4690 and encounters resistance, a small short position can be attempted, but be sure to set a proper stop-loss—never try to catch everything in one shot.

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GasFeeCrybaby

· 6h ago

Damn, 4670 has stabilized again. I really can't hold on this time. The central bank is frantically buying gold; I have to follow suit. It's another safe-haven narrative. How many times has this trick been played? See you at 4700. Don't ask me how I know. Once the dollar rebounds, it will crash directly. Betting on gold is the right move. Stop-loss? My buddy never stops loss. Hmm, is this rise serious or is it going to drop again? Can Greenland's issue really push gold prices so hard? Breaking 4650 is the real start, right? Long-term outlook is still bullish; just don't be greedy in the short term.

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DYORMaster

· 7h ago

Gold is going crazy again, breaking 4670... By the way, this round of safe-haven buying is really fierce, and the Greenland incident still needs to be hyped up. --- Expectations of interest rate cuts are heating up, so it's time to stockpile gold. Central banks are bottom-fishing, so what are we hesitating for? --- If it can't hold the key level at 4650, don't think about rushing to 4700. Better to first defend 4630. --- If the dollar rebounds, the gold price gains will instantly be wiped out. We need to keep a close eye on economic data, brother. --- Light position follow-up? Forget it, I'll wait for a pullback. Being too greedy easily leads to pitfalls. --- Short-term shorting is indeed tempting, but stop-loss must be strict... Someone who took it all in has already gone to the hospital. --- This 1.5% increase looks good, but the underlying logic is still geopolitical tensions. Once the situation eases, be careful.

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StablecoinSkeptic

· 7h ago

Wait, can Greenland's affairs really influence gold prices? I find that a bit hard to believe haha. Is the safe-haven demand really that sensitive? But on the other hand, breaking the 4670 level is indeed quite fierce. I'm just worried that the dollar might suddenly give gold a big punch, which is a very common scenario. The central bank is still aggressively stockpiling gold. At least this is a solid backing, much more reliable than geopolitical news. It feels like the 4650 level is quite critical. Only if it holds can there be confidence to push towards 4700. But I still find it hard to believe this wave will go so smoothly, after all, the previous all-time highs didn't hold up well.

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MainnetDelayedAgain

· 7h ago

According to the database, gold has been delayed from 4642 to 4670. The distance from the last promised launch has already passed... uh, no, this time it really surged up. It is recommended that central banks continue to increase their holdings. The art of timing is just like that.

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TokenomicsTherapist

· 7h ago

4670 breakdown, safe-haven buying really can't be squeezed out. The buying momentum this time is indeed fierce. --- Is the central bank increasing holdings again? It seems that gold prices are just relying on this to survive; if the dollar doesn't turn around, there's no way to make a move. --- A 1.5% increase looks satisfying, but the 4650 resistance level is really tough. Only if it can hold steady is it considered a win. --- The Greenland sovereignty dispute can even be used to hype gold, which is crazy... But safe-haven demand makes sense, so this logic is understandable. --- Don't be fooled by 4700. I just want to know when the dollar can finally behave itself. --- I can understand holding a small long position, but the mentality of chasing highs now needs to be controlled. I really don't want to be the one holding the bag. --- Every time they say rate cuts are good for gold, but June is still early. It might be another show by then. --- If 4620-4630 can't hold, just run. I won't be testing 4580 with anyone. --- I'm tired of hearing about the US and Europe tug-of-war over Greenland. Just watch the charts; let the technicals do the talking.

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