Triple Data Solidifies the Foundation for UpsideGoldOANDA:XAUUSDDaniel-FosterCore Support for the Bulls: Triple Data Solidifies the Foundation for Upside 1.Rising Geopolitical Risk Aversion and Strong Demand for Safe-Haven Funds: The ongoing geopolitical conflict in the Middle East has intensified international oil price volatility, pushing the global stock market volatility index (VIX) above 20, further activating gold's safe-haven asset status. Coupled with the controversy surrounding the Federal Reserve's independence (Powell facing criminal investigation, allegedly due to political pressure), market concerns about policy uncertainty have intensified, driving a temporary influx of safe-haven funds and providing immediate support for gold prices. The early morning price increase confirms this sentiment-driven logic. 2.Central Banks and ETF Funds Double-Round Increase in Buying Power: Latest data shows that global central banks' net gold purchases reached 50 tons in January 2026, with the People's Bank of China increasing its holdings by 10 tons, continuing its multi-month upward trend, forming a rigid support level above $4,600. The world's largest gold ETF (SPDR) continued to increase its holdings, reaching 1085.67 tons as of January 16th. Latest data on January 19th showed a further increase of 10.9 tons from the previous day, bringing the cumulative net increase since January to over 32 tons. This significantly enhanced the ability of new funds to absorb price fluctuations, acting as a "ballast" against any pullback in gold prices. 3.Institutional and institutional consensus supports continued upward trend: Data from the Shanghai Gold Exchange shows that institutional investors' holdings increased 2.7 times more in January compared to the previous month, resonating with the historical highs of COMEX gold futures, reflecting institutional optimism about the short-term price trend. Daily and weekly moving averages are in a strong bullish alignment, indicating a very strong upward trend. Although there is short-term downward pressure, the consensus among funds and institutions is driving the continued upward trend, leaning towards a slightly bullish consolidation. Gold trading strategies buy：4655-4665 tp:4675-4690