Morning Trend | CHIFENG GOLD hits new highs, international gold price movements attract attention

On January 15th, CHIFENG GOLD (6693.HK) experienced high funding sentiment throughout the day, with the stock price repeatedly surging close to its historical high. The main drivers were the tense political situation in the Middle East and the dovish statements from the Federal Reserve, leading to a rebound in international gold prices and a resonance in the sector. There were clear signs of accumulation in gold ETFs, and domestic precious metal assets were favored in rotation. Technically, the main force broke through the upper pressure zone, with a significant increase in trading volume; however, due to the impact of high-frequency trading, there was a short-term pullback at the end of the trading session, and the technical indicators have entered the overbought range. The upper pressure is substantial, and the main force's ability to support at the key level of 29 yuan needs close observation. The market is wary of a shift in news sentiment; if global risk aversion demand cools down or the risk aversion theme sector cools off, volatility could easily be amplified. High-level fluctuations and potential capital withdrawals may increase at any time, so it is crucial to focus on trading volume and sector sentiment to avoid severe declines caused by concentrated profit-taking