Spot gold current price is $5255 per ounce, briefly reaching a new high of $5311 before consolidating at high levels.
The morning strategy prediction was incorrect. After quickly reacting and adjusting the strategy, a 110-point gain was captured. Tonight, Cheng Jingsheng provides a brief overview of spot gold from two aspects. First, from the news perspective, driven by Trump's weak dollar remarks, tense Middle East situation, and the dollar hitting a four-year low, safe-haven buying pushed prices higher. The Federal Reserve decision tonight is key, and the hawk-dove signals will determine the short-term direction.
Second, technically, the daily chart shows a bullish arrangement but RSI is overbought, indicating a technical pullback is needed. $5150 is a strong short-term support level.
Do not chase highs in operations. During pullbacks near $5200-$5180, consider light long positions with low volume. Targets can be around $5240-$5280, with a stop below $5170. For rebounds near $5300, consider light short positions with strict position control, and follow the trend after the decision is announced.
The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specifics!$XAUT #XAU
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#美联储利率决议 Analysis of January 28, 2026 Evening
Spot gold current price is $5255 per ounce, briefly reaching a new high of $5311 before consolidating at high levels.
The morning strategy prediction was incorrect. After quickly reacting and adjusting the strategy, a 110-point gain was captured. Tonight, Cheng Jingsheng provides a brief overview of spot gold from two aspects. First, from the news perspective, driven by Trump's weak dollar remarks, tense Middle East situation, and the dollar hitting a four-year low, safe-haven buying pushed prices higher. The Federal Reserve decision tonight is key, and the hawk-dove signals will determine the short-term direction.
Second, technically, the daily chart shows a bullish arrangement but RSI is overbought, indicating a technical pullback is needed. $5150 is a strong short-term support level.
Do not chase highs in operations. During pullbacks near $5200-$5180, consider light long positions with low volume. Targets can be around $5240-$5280, with a stop below $5170. For rebounds near $5300, consider light short positions with strict position control, and follow the trend after the decision is announced.
The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specifics!$XAUT #XAU