<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1545873509-33e944ca7655/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmZm09anBnJml4aWQ9TTN3eE1qQTNmREI4TUh4d2FHOTBieTF3WVdkbGZIeDhmR1Z1ZkRCOGZIeDhmQT09Jml4bGliPXJiLTQuMS4wJnE9NjAmdz0zMDAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1545873509-33e944ca7655/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmZm09anBnJml4aWQ9TTN3eE1qQTNmREI4TUh4d2FHOTBieTF3WVdkbGZIeDhmR1Z1ZkRCOGZIeDhmQT09Jml4bGliPXJiLTQuMS4wJnE9NjAmdz0zMDAw"/></p>
<p>照片由 Katie Harp 提供，来源于 Unsplash</p>
<p>黄金（XAUUSD）在近期高位附近保持坚挺，地缘政治紧张局势、贸易争端和政策不确定性持续推动避险需求。俄罗斯与乌克兰之间和平谈判的失败加深了对长期冲突的担忧，而美国的新关税威胁则重新点燃了贸易战的恐惧。同时，市场仍在关注美联储的下一步行动，投资者在寻找鸽派指引的迹象。这些因素使黄金保持良好的支撑，并维持其看涨势头。</p>
<h3><strong>黄金在全球冲突、贸易风险和政策谨慎中保持坚挺</strong></h3>
<p>黄金在近期高位附近整固，全球风险保持看涨偏向。由于地缘政治紧张局势加剧，该金属得到了良好的支撑。俄罗斯与乌克兰之间和平谈判的失败重新引发了对长期冲突的担忧。俄罗斯对整个顿巴斯地区的要求和乌克兰的明确拒绝加深了地缘政治的不稳定。这些发展推动了对避险资产的需求，使黄金成为焦点。</p>
<p>在北美，新的贸易紧张局势引发了波动。美国总统特朗普威胁对加拿大商品征收 100% 的关税，原因是有报道称加拿大可能正在与中国寻求贸易协议。这种激进的言辞重新引发了对贸易战的恐惧，尽管加拿大澄清其并无意与中国达成协议。同时，美国与北约在格林兰问题上的摩擦进一步加剧了政治不确定性，增强了黄金作为避险资产的吸引力。</p>
<p>与此同时，市场仍在关注美联储，等待其下一步政策行动。市场普遍预计美联储将维持利率不变，但鲍威尔主席在会议后的评论将受到密切关注，以寻找任何鸽派倾向。尽管激进降息的理由已减弱，但许多人仍预计在 2026 年晚些时候至少会有两次降息。这一更广泛的前景继续对美元施加压力，并支持黄金的看涨势头。</p>
<h3><strong>黄金突破多年通道，维持看涨技术结构</strong></h3>
<p>下方的黄金图表显示了一个明确的上升通道，自 2024 年初以来指导价格走势。该模式特征为稳定的更高高点和更高低点，价格在近两年内尊重通道的两个边界。该结构作为持续看涨趋势的可靠框架，在整固阶段提供了明确的延续和支撑信号。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gold-predictors/user_content/ckimages/orig_xauusd_2026-01-27_17-34-22.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gold-predictors/user_content/ckimages/orig_xauusd_2026-01-27_17-34-22.webp"/></p>
<p>最近，黄金果断突破了其上升通道的上边界。这一突破发生在通道中部的短暂整固之后，突显出强劲的潜在需求。穿越阻力的动作迅猛，并伴随着交易量和动能的上升，表明更广泛的上升趋势将继续。</p>
<p>此外，黄金突破通道后，之前的阻力转变为潜在的支撑位。4900 美元至 5000 美元之间的突破区间仍然是监测潜在回测的关键区域。若能维持在该区间之上，将增强看涨的论据，并为进一步上涨打开大门。整体布局仍指向近期持续的上行动能。</p>
<h3><strong>黄金展望：看涨势头保持，风险依然高企</strong></h3>
<p>黄金在地缘政治风险、贸易紧张局势和政策不确定性持续支持避险需求的情况下，仍处于强势地位。持续的冲突担忧和重新出现的关税威胁使风险偏好受到抑制。同时，对未来美联储放松政策的预期限制了美元的上涨空间。最近的技术突破增强了更广泛的趋势，并将焦点转向维持关键支撑区。只要这些条件持续存在，黄金可能会延续其上行走势。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>黄金因全球紧张局势、疲软美元和美联储政策变化而飙升至创纪录水平</p>
<p>黄金因地缘政治风险和美联储不确定性而上涨至创纪录水平</p>
<p>黄金在地缘政治风险和经济不稳定中攀升至新纪录高位</p>

<p>黄金（XAUUSD）由于地缘政治紧张局势、贸易争端以及对美联储政策的不确定性，仍然在近期高位附近保持强劲。俄罗斯与乌克兰之间和平谈判的失败加剧了对长期冲突的担忧，而美国的关税威胁则重新引发了贸易战的恐惧。投资者密切关注美联储的下一步行动，预计利率将保持不变。黄金最近突破了多年的上升通道，显示出持续的看涨动能，这得益于全球风险的持续存在和避险需求的支持</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1545873509-33e944ca7655/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmZm09anBnJml4aWQ9TTN3eE1qQTNmREI4TUh4d2FHOTBieTF3WVdkbGZIeDhmR1Z1ZkRCOGZIeDhmQT09Jml4bGliPXJiLTQuMS4wJnE9NjAmdz0zMDAw" alt="" original-src="https://images.unsplash.com/photo-1545873509-33e944ca7655?fm=jpg&amp;q=60&amp;w=3000&amp;auto=format&amp;fit=crop&amp;ixlib=rb-4.1.0&amp;ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D"/></p>
<p>Photo by Katie Harp on Unsplash</p>
<div class="lb-trans"><p>照片由 Katie Harp 提供，来源于 Unsplash</p>
</div><p>Gold (XAUUSD) is holding firm near recent highs as geopolitical tensions, trade disputes, and policy uncertainty continue to drive safe-haven demand. The failure of peace talks between Russia and Ukraine has deepened concerns about prolonged conflict, while fresh tariff threats from the U.S. have reignited fears of a renewed trade war. At the same time, markets remain focused on the Federal Reserve’s next move, with investors watching for signs of dovish guidance. These factors are keeping gold well-supported and sustaining its bullish momentum.</p>
<div class="lb-trans"><p>黄金（XAUUSD）在近期高位附近保持坚挺，地缘政治紧张局势、贸易争端和政策不确定性持续推动避险需求。俄罗斯与乌克兰之间和平谈判的失败加深了对长期冲突的担忧，而美国的新关税威胁则重新点燃了贸易战的恐惧。同时，市场仍在关注美联储的下一步行动，投资者在寻找鸽派指引的迹象。这些因素使黄金保持良好的支撑，并维持其看涨势头。</p>
</div><h3><strong>Gold Remains Firm on Global Conflict, Trade Risks, and Policy Caution</strong></h3>
<div class="lb-trans"><h3><strong>黄金在全球冲突、贸易风险和政策谨慎中保持坚挺</strong></h3>
</div><p>Gold is consolidating near recent highs as global risks keep the bullish bias intact. The metal remains well-supported by intensifying geopolitical tensions. The recent failure of peace talks between Russia and Ukraine has reignited concerns about prolonged conflict. Russia’s demand for the full Donbas region and Ukraine’s outright rejection have deepened geopolitical instability. These developments are fueling demand for safe-haven assets, keeping gold in focus.</p>
<div class="lb-trans"><p>黄金在近期高位附近整固，全球风险保持看涨偏向。由于地缘政治紧张局势加剧，该金属得到了良好的支撑。俄罗斯与乌克兰之间和平谈判的失败重新引发了对长期冲突的担忧。俄罗斯对整个顿巴斯地区的要求和乌克兰的明确拒绝加深了地缘政治的不稳定。这些发展推动了对避险资产的需求，使黄金成为焦点。</p>
</div><p>In North America, fresh trade tensions are stirring volatility. U.S. President Trump threatened a 100% tariff on Canadian goods following reports that Canada may be pursuing a trade deal with China. The aggressive rhetoric has revived fears of a renewed trade war, even as Canada clarified it has no intention of pursuing a deal with China. At the same time, U.S. friction with NATO over Greenland has further fueled political uncertainty, strengthening gold’s appeal as a safe‑haven asset.</p>
<div class="lb-trans"><p>在北美，新的贸易紧张局势引发了波动。美国总统特朗普威胁对加拿大商品征收 100% 的关税，原因是有报道称加拿大可能正在与中国寻求贸易协议。这种激进的言辞重新引发了对贸易战的恐惧，尽管加拿大澄清其并无意与中国达成协议。同时，美国与北约在格林兰问题上的摩擦进一步加剧了政治不确定性，增强了黄金作为避险资产的吸引力。</p>
</div><p>Meanwhile, focus remains on the Federal Reserve as markets await its next policy move. The Fed is widely expected to keep interest rates unchanged, but Chair Powell’s post-meeting comments will be closely watched for any dovish tilt. While the case for aggressive rate cuts has weakened, many still expect at least two reductions later in 2026. This broader outlook continues to weigh on the Dollar and supports gold’s bullish momentum.</p>
<div class="lb-trans"><p>与此同时，市场仍在关注美联储，等待其下一步政策行动。市场普遍预计美联储将维持利率不变，但鲍威尔主席在会议后的评论将受到密切关注，以寻找任何鸽派倾向。尽管激进降息的理由已减弱，但许多人仍预计在 2026 年晚些时候至少会有两次降息。这一更广泛的前景继续对美元施加压力，并支持黄金的看涨势头。</p>
</div><h3><strong>Gold Breaks above Multi-Year Channel, Maintains Bullish Technical Structure</strong></h3>
<div class="lb-trans"><h3><strong>黄金突破多年通道，维持看涨技术结构</strong></h3>
</div><p>The gold chart below shows a well-defined ascending channel that has guided price action since early 2024. This pattern features steady higher highs and higher lows, with price respecting both boundaries of the channel for nearly two years. The structure has acted as a reliable framework for the ongoing bullish trend, offering clear signals for continuation and support during consolidation phases.</p>
<div class="lb-trans"><p>下方的黄金图表显示了一个明确的上升通道，自 2024 年初以来指导价格走势。该模式特征为稳定的更高高点和更高低点，价格在近两年内尊重通道的两个边界。该结构作为持续看涨趋势的可靠框架，在整固阶段提供了明确的延续和支撑信号。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gold-predictors/user_content/ckimages/orig_xauusd_2026-01-27_17-34-22.webp" alt="" original-src="https://talkmarkets.com/contributor/gold-predictors/user_content/ckimages/orig_xauusd_2026-01-27_17-34-22.webp"/></p>
<p>Recently, gold broke decisively above the upper boundary of its ascending channel. This breakout followed a brief consolidation near the midsection of the channel, highlighting strong underlying demand. The move through resistance was sharp and backed by rising volume and momentum, signaling continuation of the broader uptrend.</p>
<div class="lb-trans"><p>最近，黄金果断突破了其上升通道的上边界。这一突破发生在通道中部的短暂整固之后，突显出强劲的潜在需求。穿越阻力的动作迅猛，并伴随着交易量和动能的上升，表明更广泛的上升趋势将继续。</p>
</div><p>Additionally, gold’s breakout above the channel has turned former resistance into a potential support level. The breakout zone between $4,900 and $5,000 remains a key area to monitor for potential retests. Holding above this range would strengthen the bullish case and open the door to further upside. The overall setup still points to sustained upward momentum in the near term.</p>
<div class="lb-trans"><p>此外，黄金突破通道后，之前的阻力转变为潜在的支撑位。4900 美元至 5000 美元之间的突破区间仍然是监测潜在回测的关键区域。若能维持在该区间之上，将增强看涨的论据，并为进一步上涨打开大门。整体布局仍指向近期持续的上行动能。</p>
</div><h3><strong>Gold Outlook: Bullish Momentum Intact as Risks Remain Elevated</strong></h3>
<div class="lb-trans"><h3><strong>黄金展望：看涨势头保持，风险依然高企</strong></h3>
</div><p>Gold remains in a strong position as geopolitical risks, trade tensions, and policy uncertainty continue to support safe-haven demand. Ongoing conflict concerns and renewed tariff threats are keeping risk appetite in check. At the same time, expectations for future Fed easing are limiting upside in the Dollar. The recent technical breakout has strengthened the broader trend and shifted focus to holding key support zones. As long as these conditions persist, gold is likely to extend its upward move.</p>
<div class="lb-trans"><p>黄金在地缘政治风险、贸易紧张局势和政策不确定性持续支持避险需求的情况下，仍处于强势地位。持续的冲突担忧和重新出现的关税威胁使风险偏好受到抑制。同时，对未来美联储放松政策的预期限制了美元的上涨空间。最近的技术突破增强了更广泛的趋势，并将焦点转向维持关键支撑区。只要这些条件持续存在，黄金可能会延续其上行走势。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Gold Surges To Record Levels As Global Tensions, Weak Dollar, And Fed Shifts Align</p>
<div class="lb-trans"><p>黄金因全球紧张局势、疲软美元和美联储政策变化而飙升至创纪录水平</p>
</div><p>Gold Rallies To Record Levels On Geopolitical Risks And Fed Uncertainty</p>
<div class="lb-trans"><p>黄金因地缘政治风险和美联储不确定性而上涨至创纪录水平</p>
</div><p>Gold Climbs Toward Fresh Record Highs Amid Geopolitical Risk And Economic Instability</p>
<div class="lb-trans"><p>黄金在地缘政治风险和经济不稳定中攀升至新纪录高位</p>
</div>

在全球冲突和美联储的谨慎态度下，黄金继续保持看涨趋势