On Wednesday, January 21st, gold continued to gain momentum in the Asian session. It opened higher right from the start, with new highs being broken one after another, currently reaching $4,810 per ounce. In fact, I was optimistic about this trend as early as a month ago, and since then I have maintained a bullish outlook. Gold's performance has not disappointed—its price has been steadily strengthening, and the previous bullish logic has gradually become reality. Now, with a new high broken again, the bullish signals are very clear.

From a daily chart perspective, the upward trend is very clear. Even with some pullbacks, no effective downtrend has formed, and various indicators are showing a bullish alignment. The occurrence of three consecutive bullish days in the short term indicates a strong continuation of the bullish trend. This suggests that the main market rhythm remains upward. Moving to the hourly chart, the trend is basically oscillating upward. After a recent slight pullback following the new high, the subsequent surge again pushed indicators higher. In this pattern, there is still a chance to break new highs within the day. The trading strategy remains unchanged—continue to adopt a buy-the-dip approach.

Asian session reference strategy: Consider going long around 4800-4790, with targets at 4850-4900, and a stop-loss set at 4780.

Disclaimer: The above is for market observation and analysis purposes only and does not constitute investment advice. Feel free to discuss and exchange ideas. Investing involves risks; please trade cautiously. There are no shortcuts in trading—stability and patience are key to long-term profits.