#Strategy加仓BTC 1.16 Gold Price Trend Observation: Is the Correction During the Uptrend a Sign of Top?

On Thursday, spot gold prices plummeted sharply, closing down 0.2% at $4615.73 per ounce. By Friday Asian trading hours, it continued to decline, approaching $4607.

The driving force behind this is clear—better-than-expected US employment data directly boosted the US dollar index, reducing gold’s relative value. Meanwhile, the US government’s stance on Iran has softened, and market risk aversion has noticeably cooled. Additionally, recent hawkish comments from Federal Reserve officials have pushed back the rate hike timeline to June, further diminishing gold’s appeal as a zero-interest asset.

However, some suggest that this employment data may have flaws, and during subsequent revisions, gold could regain buying interest.

From a technical perspective, although gold has been oscillating at high levels without reaching new highs, the bullish fundamentals remain intact. Each dip seems like a pause in the upward movement—yesterday, it tested around 4580 multiple times and rebounded each time. This indicates strong support below. As long as it doesn’t effectively break below 4580, the overall trend remains upward, pointing north.

Profits depend on following the trend. If gold holds above 4580 today, it’s a firm signal to go long, and a bottoming opportunity emerges. Once the correction completes, the next upward wave is about to start.

✅ Trading Plan Reference
Enter long near 4580, with a stop loss at 4568, and targets at 4600, 4650, and 4700, respectively, as resistance zones.

Behind every precise judgment is a process of repeated analysis. A new trading day, continue upward!

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