2026-01-19 01:31:05

Global central banks and large institutions have recently been very active in gold. SPDR Gold holdings have hit a new high in the past year and a half, and the scale of the domestic Hu'an Gold ETF has also surpassed the 100 billion mark. The underlying logic is quite clear—expectations of Fed rate cuts are rising, the US dollar's credit is weakening, and safe-haven assets are taking turns to perform.

From a technical perspective, the bullish strategy is to position around 4640-45, with targets pointing to the 4680-90 range. If this level is broken, 4700 will become the next focus. The bears are looking to test around 4680-90, with targets pulled down to 4650-60, and more aggressive traders may look at 4620-30.

Currently, market volatility has indeed increased, and key levels should be closely watched. Strategies need to be adjusted flexibly accordingly.

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TokenTherapist

· 14h ago

This wave of gold is really fierce, big institutions are all buying the dip, how painful must the dollar be to make so many people buy gold? These numbers are making my head spin, let's wait until 4700 is broken before making any moves. The central bank is stockpiling gold, I'm stockpiling instant noodles, the difference is quite big haha. As soon as the rate cut expectations come, gold soars, it feels like the dollar is really finished. Increased volatility is an opportunity, but the key is whether we can hold above 4680. Hu'an has reached a trillion? Still need to follow the herd or operate in the opposite direction.

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NullWhisperer

· 14h ago

technically speaking, the 4680-90 zone is basically asking to be exploited from both sides... classic vulnerability in the price action, ngl. fed pivot narrative is getting old tho, let's see if it actually holds up when reality checks in

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SelfStaking

· 14h ago

The central bank is hoarding gold, institutions are also hoarding gold, and here we are retail investors debating whether it's 4640 or 4680? Laughs.

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SleepyValidator

· 14h ago

The central banks are all hoarding gold, this signal is a bit hard to hold up Is the dollar about to collapse? As soon as interest rates are cut, everyone is buying gold, so I jumped on the bandwagon too The 4700 level feels hard to break, with too much volatility, better to stay on the sidelines for now

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