January 9th precious metals market remains locked in a standoff between bulls and bears, with technical analysis providing clear operational guidance.

Yesterday's movement aligned with expectations, with gold finding support near 4407 and limited downside. In the evening, a weakening US dollar index provided bulls a breathing room, and precious metals rallied in the deep night, but overall remained fluctuating within the consolidation range. The one-hour chart shows the triangle consolidation locked between 4422-4483. This morning, pressure was encountered at 4483, and short-term may face further pullback pressure.

Based on this assessment, even with last night's surge, chasing longs today carries relatively high risk. On the operational strategy front, I maintain the approach of shorting highs and going long at lows—seeking opportunities within the range.

Short-term focus on the 4474-78 bear zone. If shorting in this range, set stop loss at 4486, with targets toward 4440 or 4422. Once it drops near 4422/4440, then consider whether to execute a reverse short-term long operation. Risk management should be the top priority.

Another reference point: around 4476 you may consider shorting, with stop loss at 4486 and take profit also targeting 4440/4422.

At the 4422 level, you need to determine based on real-time conditions whether it's worth executing a short long.

The above serves only as a reference perspective from a technical analysis standpoint. Actual operations still require combining your own risk tolerance and real-time market performance.