1.30. Jingyi Golden Morning Review

Gold suddenly dived, falling below the 5,000 integer mark in the early morning, and the market fell into a tangle of "chasing or fearing". This round of gold and silver hit a record high, gold rushed to 5596, and the rally was difficult to end quickly

At present, the chips are limited, and the chips have been changed in the early stage, and the entry funds are mainly the central bank's reserves and short-term bulls above 4900; Europe's dumping of U.S. bonds, the yen or the intervention (selling the US dollar to buy yen) is good for gold and silver. The only risk point is in the US stock market, if the sharp decline triggers liquidity tightening, gold and silver may follow the decline in the short term, but the subsequent rebound momentum is sufficient.

The surge in gold is a long-term resonance of four major factors in global credit, currency, geography and capital, not a short-term bubble. It is recommended to distinguish between allocation and speculation, be bearish on short-term fluctuations, and grasp long-term trends.

Gold operation strategy:
The pullback of 5430-5415 stabilized more, the stop loss was below 5400, and the target was 5445-5480-5550-5620

Personal opinions, for reference only