2026-01-12 23:25:04

Spot gold opened today at 4523.05, closed yesterday at 4509.93, with an intraday high of 4630.21 and a low of 4513.23. It finally closed at 4596.85, up 1.93%. The one-hour chart shows a rally followed by some pullback and consolidation, but the bullish momentum remains quite strong.

From a fundamental perspective, the main driver is the rising expectation of global central bank easing. Coupled with underwhelming economic data from major economies and geopolitical fluctuations, these factors are pushing safe-haven funds into gold. Meanwhile, the continuous weakening of the US dollar index also reduces pressure on gold prices. With these three factors combined, gold remains so strong.

Technically, on the one-hour chart, the gold price has broken through the previous consolidation platform. The moving averages are clearly aligned bullishly, the MACD red bars are continuously expanding, and the Bollinger Bands are opening upward. The only warning is that the RSI has entered the overbought zone, which theoretically suggests a pullback. However, the support at 4580 is quite solid, and the bullish structure has not shown signs of reversal yet.

In terms of trading strategy, the overall approach is mainly to go long with some short positions as supplements. If gold pulls back to the 4580-4590 range, it presents a good opportunity for a low buy, targeting 4620-4630, with a stop loss below 4570. If it continues to surge and hits the 4630-4640 range, consider taking a light short position to try for a move, targeting 4600-4590, with a stop loss above 4645. Remember, position sizing must be controlled, and keep an eye on market news to avoid being caught off guard by sudden developments.

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StablecoinAnxiety

· 01-15 20:57

It's the same old story of the central bank flooding the market and gold exploding, the dollar is really getting weaker... Can the 4580 support hold? Feels like it's about to break. This wave of gold is indeed strong, but RSI is already overbought and still pushing higher. I always feel like a slap is coming. Be really careful around 4630. Once it reverses, it could drop straight down. Buying low at 4580 seems more reliable. Geopolitical twists and turns are just pulling funds into the market. It feels like relying too much on these uncertainties. Position control is really key. Don't be blinded by this rally; there are always risks of news bombs. It's overbought and still going long—really brave... but the bullish structure hasn't broken. Honestly, 4600 is my true love price. The levels above are too greedy. The central bank is starting to play games again, and gold is getting volatile. The market is as bad as garbage.

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StableNomad

· 01-15 04:48

ngl the RSI screaming overbought here is giving me 2017 FOMO vibes... statistically speaking, mean reversion's a bitch

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SpeakWithHatOn

· 01-14 21:29

Gold has indeed been strong this wave, but be careful with the RSI overbought situation; a pullback is just around the corner. --- It's the old trick of central banks flooding the market again; safe-haven buying just takes over. --- 4580 is a tough line; as long as it's not broken, keep going up, it's that simple. --- The dollar weakening is really an accelerator for gold; this market trend is awesome. --- After breaking above the upper Bollinger Band, it looks a bit fake; a consolidation is needed. --- Using a small position to bet on a short is a good move, betting on the 4630 resistance level. --- Sticking to a bullish mindset is the right approach; don't be scared out by small pullbacks. --- Geopolitical + economic data + central bank easing, there's no reason for gold not to rise. --- Controlling position size is really important; many people have blown up their accounts because of this. --- With such a beautiful moving average alignment, I wouldn't short.

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GasFeeSurvivor

· 01-14 00:41

Gold has risen again. The central banks are trying to push us all into safe-haven assets. LOL

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Web3ExplorerLin

· 01-12 23:54

hypothesis: this gold rally basically mirrors the byzantium consensus problem—multiple validators (central banks, geopolitical actors, dollar weakness) all pushing toward the same safe haven simultaneously. interestingly enough, the 4580 support acts like an oracle network node that refuses to break down.

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governance_lurker

· 01-12 23:50

Here comes another analysis of cutting leeks. It sounds quite professional, but I just want to ask, how are everyone who followed this approach last time doing now?

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GasFeeTherapist

· 01-12 23:38

This wave of bullish momentum in gold is indeed strong, but we still need to be cautious of the RSI overbought condition. Enter the market on a pullback to 4580, don't be too greedy.

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MetaverseLandlord

· 01-12 23:31

Wow, gold is rising again. The central bank’s liquidity injection really seems endless... It has broken through 4630, the bulls are indeed quite aggressive, but I still feel like we're nearing the top... This overbought signal appears and it continues to push higher, I have a feeling we're about to get trapped... I'm not sure, it's safer to wait until around 4580 before jumping in... If the dollar continues to depreciate, it’s all over. Gold might still have some room to run this time...

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pumpamentalist

· 01-12 23:29

The recent surge in gold is indeed fierce, daring to touch 4630, and as the central banks loosen their grip, everyone is rushing into gold. If you ask me, with the dollar half-collapsed, that's a green light for gold. Watch out for RSI overbought signals, don't get left behind by a pullback. Holding 4580 is the real key; we'll see how it goes then. No signs of a bullish reversal? Then just go with the flow and sip the soup. Are you ready for a low buy? How long can the central bank keep this momentum going? That's the real question, my friend.

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