The afternoon gold price fluctuated around 4380, with the rhythm meeting expectations. As we entered the European session, a pullback and correction indeed occurred, leaving ample room for the US session to build momentum.
Currently, the short-term resistance zone is stuck between 4400-4420. Whether this line can hold directly affects whether this rally can continue. Looking downward, support is at the 4360-4340 area. In a strong intraday situation, it theoretically shouldn't drop to that level. As long as the price stabilizes here, there is still a chance to push higher during the US session.
In trading, you can wait for a pullback to the support zone to stabilize before gradually entering long positions. If the market gains momentum and breaks through 4380, you can aim for 4400-4420. The key is to hold your position and not rush or panic, watching how the market develops afterward.
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zkProofGremlin
· 12h ago
The 4380 level is quite tough to break, let's see if the US market can give a strong push to break through 4400. Otherwise, it might just pull back and consolidate again.
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LayerZeroHero
· 12h ago
The technical validation of the 4400-4420 resistance line is indeed crucial. The data suggests that the support zone's protocol structure is quite stable, but the actual performance will depend on how the US market exerts its influence.
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VitalikFanAccount
· 12h ago
The 4400-4420 level must be maintained; otherwise, this rally will become awkward. Wait for the pullback to stabilize before entering in batches, and don't be greedy by pushing hard.
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AltcoinTherapist
· 12h ago
Still teetering at 4380, give me a break. The real battle is during the US market hours.
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NFTHoarder
· 12h ago
This resistance level is really holding firm; not breaking 4400 is just bluffing. Patience and waiting for a pullback is the way to go.
The afternoon gold price fluctuated around 4380, with the rhythm meeting expectations. As we entered the European session, a pullback and correction indeed occurred, leaving ample room for the US session to build momentum.
Currently, the short-term resistance zone is stuck between 4400-4420. Whether this line can hold directly affects whether this rally can continue. Looking downward, support is at the 4360-4340 area. In a strong intraday situation, it theoretically shouldn't drop to that level. As long as the price stabilizes here, there is still a chance to push higher during the US session.
In trading, you can wait for a pullback to the support zone to stabilize before gradually entering long positions. If the market gains momentum and breaks through 4380, you can aim for 4400-4420. The key is to hold your position and not rush or panic, watching how the market develops afterward.