Analysis of the latest gold market trends: On January 27, a gold market analysis: After hitting a record high of $5,110.86 per ounce during Monday's (January 26) session, prices retreated due to profit-taking, closing near $5,004.89. However, buying interest remained resilient around the $5,000 mark. In early trading on Tuesday (January 27), gold prices oscillated higher again, rising over 1% to breach $5,060, currently trading around $5,032.10 with a gain of approximately 0.95%. While this "rally and retreat" pattern appears to be a normal adjustment from profit-taking by bulls, when combined with current global geopolitical and economic uncertainties, alongside continuous inflows of institutional capital, the bullish momentum for gold is far from exhausted. It may even be brewing a new, larger-scale upward surge.
Gold technical analysis: The market opened strongly on Monday morning, continuing its upward push. It maintained a bullish, squeezing pattern above the 10-period moving average throughout the afternoon and European session, currently consolidating strongly just below $5,100. The short-term rhythm remains bullish, and the strategy should be to follow the trend with buy-on-dips operations. On the daily chart, the price continues to trend upwards nicely along the short-term moving averages, with no clear signs of a top formation in the short term. On the 4-hour chart, the price has broken through the previous high consolidation range, with candles continuing their favorable upward trajectory along the short-term moving averages. The hourly chart shows a period of high-level consolidation and correction following a gap-up opening and rally, with the short-term moving averages still hooked upward, indicating a strong bias. Support levels in the smaller timeframes are gradually shifting higher to the $5,020-$5,000 zone. The extent of the short-term corrective pullback is not significant, suggesting a likelihood of resuming the uptrend after this brief period of adjustment. As long as the price does not break below the $5,000 level in the evening session, the bullish view remains unchanged. Overall, for today's short-term gold trading, the recommended strategy is primarily to buy on dips, with selling on rallies as a secondary approach. Key short-term resistance above is focused around the $5,090-$5,110 area, while key short-term support below is around the $5,020-$4,990 area.
Analysis of the latest crude oil market trends: A crude oil market analysis: During Monday's US session (Beijing time, January 26), US crude oil traded around $61.3 per barrel. Oil prices found support from geopolitical tensions; new US sanctions on Iran and the deployment of military assets to the Middle East heightened market concerns about potential disruptions to crude supplies from the region. Current oil price movements are being driven by a combination of three factors: geopolitics, extreme weather, and supply-demand fundamentals. The imminent arrival of a US aircraft carrier strike group in the Middle East, Iran's firm response, and the ongoing impact of the Northern Hemisphere's cold wave on production and transportation are all factors that could amplify market volatility in the coming week. Although some infrastructure issues have eased, the vulnerability of the global energy market has been highlighted again by this convergence of multiple risks. Oil prices are expected to maintain a pattern of high-level fluctuation in the short term.
Crude oil technical analysis: From a daily chart perspective, oil prices entered a consolidation phase after touching around $54.80. Having broken through the moving average system and finding support from it, the medium-term objective trend direction is bullish. The price increase has been gradual and characterized by strong repetitiveness; until the first medium-term resistance at $62.60 is breached, the medium-term uptrend remains contained within a broad trading range. On the short-term (1H) chart, prices rallied consistently higher, touching around $61.40. The moving averages are in a bullish alignment, indicating an upward short-term objective trend. Momentum-wise, the MACD indicator is operating in high territory above the zero line, with bullish momentum still dominant. It is anticipated that there is room for another leg up during the day, in principle. Overall, for today's crude oil trading, the recommended strategy is primarily to buy on pullbacks, with selling on rallies as a secondary approach. Key short-term resistance above is focused around the $62.5-$63.5 area, while key short-term support below is around the $59.5-$58.5 area.
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