黄金

Gold surges past 4980! Short-term trend shaped by the battle between bulls and bears
Strategy for the morning of January 26, 2026
Market movements are never accidental; they are always the result of both news and technical factors! Spot gold hit a new all-time high at the start of the year. After surpassing 4980, the short-term tug-of-war between bulls and bears has intensified, but the core upward logic remains unchanged, and the trend has long contained the direction.
On the news front, geopolitical risks have not eased, the Federal Reserve's stance on interest rate cuts remains divided, and