Spot Gold Night Analysis on January 29, 2026

The game is intense, caution is advised when entering the market!!

The Federal Reserve keeps interest rates unchanged, while some advocate for rate cuts. Coupled with geopolitical tensions and central banks around the world desperately buying gold, the gold price has broken through six resistance levels in four days, soaring to around 5600. But the rally is too crazy, and many want to sell to lock in profits. The bulls and bears are pulling each other fiercely.

Overall, the trend remains bullish. The upward momentum looks strong, but the RSI has already surged into the overbought zone at 88, as if exhausted from running, and may pause for a correction at any time. Support is around 5500 USD, with resistance at approximately 5620 USD.

In the short term, high-level oscillation is highly probable. Do not blindly chase the highs! Currently, the price is fluctuating within a narrow range near 5510. It is recommended to dip back to around 5480-5500 with light positions to go long, targeting around 5540-5580. Even if it breaks through 5620, only add lightly and take profits when the trend looks good. Heavy positions and stubborn holding are absolutely not advisable. Risk always comes first!

The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! $XAUT