January 28 Gold Evening Analysis: Range-bound Waiting for Guidance, Decision to Set Direction

Gold remains volatile at high levels this evening, with a focus on the Federal Reserve decision and geopolitical risks. Exercise caution before the decision, avoid blindly chasing highs.

Federal Reserve Decision Countdown ⚠️ The rate decision and statement will be announced at 03:00 this morning, followed by Powell's press conference at 03:30. The market expects no change in interest rates, with particular attention to the rate cut timetable and dot plot signals.
The daily chart shows 8 consecutive bullish days, establishing a strong bullish trend. The 4-hour moving averages are aligned bullishly, supporting higher levels, but accumulated selling pressure at high levels suggests a likely narrow range correction before the decision.

Trading Strategy: Buy near 5245-5250, with a stop at 5225, target 5300, and a breakout target of 5350-5400.