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1.23 Gold Morning Trading Ideas
This morning, gold bulls launched a full-scale attack, showing strong momentum! After a brief pullback on the hourly chart, prices surged overnight, breaking through the key 4900 level, reaching as high as 4940. Market bullish sentiment is fully unleashed, and the current trend is clearly bullish. Do not blindly open short positions. If the price unexpectedly breaks below the 4890 support, it is recommended to wait and observe, then look for a suitable entry once the trend clarifies.
✅ Long positions: Enter once the 4910-4920 range stabilizes, with stop-loss below 4900. First target is 4945, and if broken, aim for the 5000 round number.
❌ Short positions: Only consider a small position when encountering resistance in the 4945-4955 range. Place stop-loss above 4965. First target is 4925, and if broken, look towards 4850.
Note: The above views are personal suggestions and do not constitute market advice. Please consider carefully.