#美国消费者物价指数发布在即 Gold 4600 is a critical threshold; holding steady could lead to opportunities

Gold prices have been interesting these past couple of days. After bouncing up from the low of 4596, now it’s all about whether 4600 can hold — this level acts like a dividing line, where bulls and bears are battling.

**Key levels to watch**

Resistance above at 4634 and 4650, support below at 4600 and 4590. Simply put: holding above 4600 gives a chance for a rebound, breaking below 4590 means you need to consider your response.

**Why are we bullish?**

First, technically, the rebound from 4596 indicates there are still buyers stepping in. Although the short-term moving averages look a bit weak, this recovery momentum shouldn’t be ignored. Plus, the central bank is still buying gold, geopolitical tensions in the Middle East remain tense, and the Federal Reserve is unlikely to cut rates urgently in January — these factors provide solid medium- to long-term support for gold prices. As long as 4600 holds, the probability of a continued rebound is quite high.

**How to trade?**

For a bullish stance, enter around 4600 to 4605, with a stop-loss below 4590, targeting 4634 to 4650.

If it dips back to 4590 and stabilizes, that’s an opportunity to add positions, moving the stop-loss below 4580, with the same targets.

If it breaks above 4634, go with the trend and add again, aiming for 4650; if it breaks below 4590, wait and don’t rush to short. You can try a small short near 4600, with a stop-loss above 4610, targeting around 4570.

$XAU $XAG

Disclaimer: The above is just market analysis; prices can fluctuate quickly, so actual trading should be adjusted according to real-time conditions.