On Thursday (January 23), international gold prices remained stable near record highs. Gold is currently trading near $2,752, less than $40 away from its all-time high, and has risen about 2% so far this week. Gold prices remain near their highest level since October last year, as investors consider the impact that President Trump's latest tariff threats against China and the European Union may have on the global economy.

Since Monday this week, Trump has failed to provide many details about his proposed tariffs, leaving investors speculating on the radicalness of the measures and the depth of their potential impact. This has heightened concerns about the global economy and made gold a safe haven, driving its price to continue to strengthen. The data on changes in the number of initial jobless claims in the United States will be released this trading day, and investors need to pay attention to it; in addition, continue to pay attention to Trump's related dynamic news.

Yesterday, the technical side of gold was depressed first and then rose. The price of Asian and European sessions continued to rise strongly with the support of 2745. In the afternoon, the European session accelerated to break through the 2758 mark and fell under pressure and fell into shock. The European and American sessions stepped down and stabilized at the 2746 line for the second time, ushering in a second high. Finally, the gold price accelerated to break through the 2763 line and fell under pressure and fell into shock. The overall closing price was still above 2740, showing a strong bullish pattern.

Construct an upward step rise in the 4-hour rising channel. Use the 2690 low point as the starting point to promote an upward wave. At present, the middle track of the Bollinger Bands is the critical point of short-term bulls. The strong market is not deeply stepped on. At present, it is also in line with the strong correction and slow rise to a new high. The support point of the high point 2725 is close to the middle track support 2730. Short-term bulls pay attention to the 2730 mark. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Pay attention to the upper short-term resistance above 2770.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.