Gold's latest market trend analysis: On January 21, a gold market analysis: On Wednesday (January 21), during the Asian and European sessions, spot gold fluctuated higher, currently trading near $4,885 per ounce with an intraday gain of approximately 2.55%. As of 14:28, the price once touched a record high of $4,888.17 per ounce. The current world is in the eye of multiple storms involving geopolitics, financial stability, and political landscapes, collectively boosting gold's safe-haven and store-of-value demand. At the beginning of 2026, a sovereignty storm over Greenland triggered by U.S. President Trump swept the globe, completely igniting the geopolitical powder keg. Trump publicly declared "there is no turning back," even leaving the military option on the table, and aggressively showcased ambitions for an "American territory" through AI-generated images. This not only prompted a strong rebuttal from NATO ally Denmark but also provoked collective anger from multiple European nations and fears of a trade war. The global security landscape is teetering precariously.
Gold technical analysis: Gold initially retreated near 4672 during yesterday's early session. After hitting a daily low of 4659, the market was strongly stimulated by safe-haven news, leading to a powerful rally that reached a daily high of 4766 before consolidating. The session ultimately closed at 4763, forming a large bullish candle with a slightly longer lower shadow. The strategy for today remains primarily buying on dips. After a direct rebound in the early session that touched a high of 4843, it is suggested to consider buying near the session's low upon a pullback. If the strength persists, consider buying near the 4765 level, which represents a conversion from resistance to support. On the daily chart, after breaking through the previous high consolidation range, the K-line continues to trade along the short-term moving averages, maintaining a relatively strong, oscillatory trend. The focus on the daily chart is whether a continuation of the rally will follow any adjustment or correction. On the 4-hour chart, the K-line is essentially clinging to the short-term moving averages, maintaining a well-defined oscillatory uptrend. The magnitude and duration of intraday pullbacks have been relatively limited, and no clear signs of a top have emerged in the short-term trend yet. On the hourly chart, a secondary rally has emerged after a period of high-level consolidation. The short-term moving averages continue to hook upward and diverge, but following the consecutive rallies, attention should be paid to potential short-term adjustments. In summary, the short-term trading strategy for gold today primarily suggests buying on dips, supplemented by selling on rallies. Key short-term resistance above is focused around the 4890-4910 zone, while key short-term support below is focused around the 4840-4820 zone.
Crude oil's latest market trend analysis: Crude oil news analysis: On Wednesday, U.S. crude oil edged higher, trading around $59.70 per barrel. It remains within a range-bound oscillation, with limited rebound strength, primarily supported by the latest improvements in economic data. However, overall market sentiment remains cautious. As the world's largest crude oil importer, the Asian nation's GDP and industrial production data were interpreted as signs of stabilizing economic activity, which has somewhat alleviated previous market concerns about persistently weak demand, providing phased support for oil prices. However, positive signals from the demand side have not completely dominated market pricing. Frictions between the U.S. and Europe surrounding geopolitical and trade concerns have kept investors alert to global economic growth prospects. The market generally believes that if related tensions escalate, global manufacturing and trade activities could face pressure, thereby dragging on medium-term crude oil demand performance. This uncertainty prevents oil prices from gaining sustained momentum during rebounds.
Crude oil technical analysis: From a daily chart perspective, oil prices entered a consolidation phase after touching near 54.80. Prices broke through the moving average system and have been repeatedly crossing it, indicating that the medium-term objective trend direction has entered a consolidation pattern. While the 60.50 level was breached, its sustainability requires further observation. The probability of a sustained medium-term uptrend for crude oil is not high, and risks of a reversal remain. On the short-term (1-hour) chart, the price once broke above the upper boundary of the range. After touching 60.50, oil prices faced selling pressure and declined again. Prices continue to fluctuate around and cross the moving average system, indicating that the short-term objective trend direction remains oscillatory. In terms of momentum, bullish and bearish forces are evenly matched, suggesting a period of contention. The upper part of the previous range's amplitude has been extended slightly. It is expected that crude oil will maintain movement within the lower range today, with an amplitude between approximately 60.50 and 58.60. In summary, the trading strategy for crude oil today primarily suggests selling on rallies, supplemented by buying on dips. Key short-term resistance above is focused around the 61.0-62.0 zone, while key short-term support below is focused around the 58.5-57.5 zone.
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Editor: Chen Ping