Gold Latest Market Trend Analysis: On January 14th, a fundamental analysis of gold: On Wednesday, January 14th, gold edged higher following the release of US inflation data, with prices climbing to a historic high of 4634.25 before paring gains. As core CPI came in weaker than expected, market expectations for Federal Reserve rate cuts remained intact. Against a backdrop of geopolitical and economic uncertainties keeping investors cautious, the precious metal continues to be supported by steady safe-haven demand. The ongoing criminal investigation surrounding Fed Chair Powell has sustained market unease, reigniting concerns about central bank independence. Concurrently, new geopolitical developments have dampened risk sentiment after US President Trump threatened to impose 25% tariffs on countries trading with Iran. Previously, the US had taken military action in Venezuela targeting President Maduro, and Trump again commented on US strategic interests in Greenland.
Gold Technical Analysis: From a technical perspective, the recent uptrend has been characterized more by a volatile, short-squeezing pattern. On the 4-hour chart, the current upward trend has been reinforced. Price action remains comfortably above key moving averages, with 4,575 forming the first layer of dynamic support, followed by 4,456. Looking at the late session, following the previous night's CPI inflation data performance, short-term attention should be paid to 4,534.94 constituting the first layer of dynamic support, followed by 4,468.91. A stabilization above either level could allow for a continuation of the bullish view; alternatively, a breakout and sustained hold above the middle Bollinger Band at 4600, followed by a stable pullback confirmation, could be followed. The short-term resistance target is 4630; a break above this level would target the daily chart resistance at 4665. This persistent sideways consolidation is also beneficial for the MACD indicator's repair; once it approaches the zero axis, it is anticipated to be the starting point for the next wave of upward momentum. Today, long positions can be considered based on the 4575 and 4556 levels. Overall, for today's short-term gold trading strategy, the recommendation is to primarily look for buying opportunities on pullbacks, with selling on rallies as a secondary tactic. Key short-term resistance above lies in the 4630-4650 zone, while key short-term support below is in the 4570-4550 zone.
Crude Oil Latest Market Trend Analysis: Crude Oil Fundamental Analysis: During the European session on Tuesday, January 13th, West Texas Intermediate (WTI) crude prices extended gains for a fourth consecutive trading day, trading around $60.63 per barrel, up 1.90%. Prices climbed to a six-week high as supply concerns intensified after US President Trump announced new tariff measures on Iran's trading partners. Iran is OPEC's fourth-largest oil producer, with a daily crude output of approximately 3.3 million barrels; any new military conflict would significantly impact the global crude supply chain. WTI crude prices briefly rose above $59 per barrel yesterday, hitting their highest level since early December, with a cumulative gain of over 6% in the previous three sessions; Brent crude also strengthened simultaneously, indicating that the impact of Middle East tensions on oil market sentiment is rapidly amplifying.
Crude Oil Technical Analysis: From a daily chart perspective, oil prices entered a consolidation phase after touching the 54.80 area. The price chart has recorded three consecutive bullish candles, breaking through and repeatedly crossing the moving average system, indicating that the medium-term objective trend direction has entered a ranging pattern. The 60.50 level serves as the first resistance for the medium-term rebound; if not breached, the crude oil trend is likely to maintain a weak, soft consolidation. On the short-term (1-hour) chart, the upward momentum remains intact, with prices challenging the 60.00 mark. The moving average system effectively supports the price, keeping the short-term objective trend upward. The price action shows a primary-upward, secondary-consolidation alternating pattern, so the subjective trend also remains bullish. The MACD indicator has retreated to the zero axis and formed a bullish crossover with its lines diverging upward, suggesting bulls still hold the advantage. It is expected that intraday crude oil prices will continue to move upward and create new highs. Overall, for today's crude oil trading strategy, the recommendation is to primarily look for buying opportunities on pullbacks, with selling on rallies as a secondary tactic. Key short-term resistance above lies in the 62.5-63.5 zone, while key short-term support below is in the 60.0-59.0 zone.
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