#美国核心物价涨幅不及市场预估 January 20 Gold Price Trend Analysis

The market situation is as follows — gold prices are firmly stuck near the upper Bollinger Band, with short-term fluctuations bouncing between $4617 and $4690. It appears to be a consolidation at a high level, with no clear direction.

Looking at the technicals, the KDJ indicator shows that the K and D values are both high, but the J value is starting to turn downward — this indicates that the bullish momentum is weakening, and a technical correction in the short term is possible. The MACD situation is slightly better; the DIFF is below DEA, but the green bars are shrinking, indicating that the bearish momentum is waning, and a more sideways to slightly bullish trend is likely.

Trading Strategy

Bullish Approach: Enter around the 4650-4660 range, place stop-loss below 4640, with the first target at 4680. If it breaks through, then aim for 4730.

Bearish Approach: Resistance above 4680-4690 can be shorted, with a stop-loss above 4700, targeting a pullback to 4660. If it breaks further, 4600 is within reach.

The key is to wait for confirmation of the direction of this high-level consolidation and avoid rushing to chase the highs.