#数字资产市场动态 1.16 Quick Overview of Precious Metals Market Why hasn't gold reached a new high? Is the bull market still ongoing?

Spot gold surged on Thursday then slightly retreated, closing down 0.2% at $4615.73 per ounce. On Friday Asian trading hours, it continued to decline, approaching $4607 per ounce.

Several key factors are at play—strong U.S. employment data has bolstered the dollar index, which has directly pressured dollar-denominated gold. Meanwhile, Trump's stance on Iran has softened, reducing geopolitical risk aversion. Federal Reserve officials have repeatedly expressed hawkish tones, leading markets to expect a rate cut delay until June, further diminishing the appeal of precious metals.

However, there's an interesting perspective—some analysts suggest that the employment data's statistical methodology may have flaws, leaving room for future revisions. This could potentially set the stage for a gold rebound.

Currently, gold remains stuck in a high-level consolidation, unable to break new highs. But the underlying logic remains unchanged—the framework of the bull market is intact! The recent dip is just a correction within the upward trend. Each time it tests lows, it quickly rebounds, indicating strong support below. Yesterday, multiple attempts to test the 4580 level were met with stable rebounds. As long as this level holds, the market will remain volatile but still upward-oriented.

Following the trend and trading with the trend are fundamental principles. If gold cannot break above 4580 today, it presents a good opportunity for short-term buying. Patience through this correction will set the stage for the next bull market surge.

✅ Intraday Trading Ideas
Consider building long positions around 4580, with stop-loss at 4568, and target levels at 4600-4650-4700 in stages.

Precise judgment is never a flash of inspiration; it results from repeated analysis and accumulation. On this new trading day, the upward logic remains unchanged!