The international gold market price fluctuated on the previous trading day, first continuing to fluctuate horizontally below $2760, then quickly falling due to the Federal Reserve's maintenance of interest rates, and finally stabilizing and bottoming out at $2744, with a closing line at $2759 and a small bearish closing line with a long lower shadow on the daily chart.

From the perspective of the message:

Federal Reserve interest rate decision: The January Federal Reserve interest rate decision maintains interest rates unchanged, in line with market expectations. The resolution statement removed the description of progress in inflation and emphasized that inflation remains high and the labor market is strong, replacing the previous statement of a slowdown in labor. Powell stated at the press conference that he will not adjust interest rates, and regarding Trump's push for a rate cut, Powell stated that he has not been in contact with Trump. After the resolution, traders expect the Federal Reserve to reduce the frequency and space for interest rate cuts this year, putting pressure on gold.

Russia-Ukraine conflict: although Russia and Ukraine have the will to negotiate peace and discuss dialogue with Trump, there is no substantive progress, and the conflict is still fierce, which continues to trigger risk aversion in the market and has a role in driving up gold prices.

From a technical perspective:

Bottom up and rebound show support: A bottoming out and rebound pattern has emerged. After the last backtesting of $2733, this backtesting of $2744 did not break through the previous low, and the low point moved up, indicating strong support below, difficulty in falling, and rapid and strong rebound.

High point suppression requires accumulating strength: After the price surged to $2785, it came under pressure and fell back, mainly suppressed by the previous historical high of $2790. This suppression point is difficult to break through at once, and touching this position will inevitably result in pressure and oscillation. However, the pressure oscillation is to prepare for the impact of $2790 and does not mean that the upward trend will stop.

In terms of intraday short-term trading, the four hour physical line is at the $2750 line, and the shadow line low point is at $2744. Today's market mainly focuses on the $2750 position, which can be used for long positions. Defensive stop loss should be placed below $2744, following the principle of strong correction and retracement without breaking through the low. Overall, we maintain a bullish attitude towards the future of the gold market and believe that the historical high of $2790 will be broken through, and $2800 will also be reached.

Investment carries risks, and trading requires caution. The above suggestions are for reference only.