Gold continued its strong momentum in the early trading session, quickly rebounding after finding support around 4428, with a clear bullish control. However, the current position is already in a relatively high zone, and greedy chasing of the rally could lead to pitfalls. Investors are advised to remain patient and wait for better pullback opportunities.
The key level to watch is 4448. It serves as both a confirmation point after the morning surge and determines the subsequent direction of the hourly chart. Once it stabilizes and rebounds, the probability of a second upward attack will significantly increase. From a technical perspective, the hourly chart shows a clear "three positive candles and one negative candle" strong structure—full-bodied bullish candles with low volume on the retracement bearish candle, indicating that the bulls still have strong momentum.
The main resistance to watch is around 4475, which is the upper boundary of the previous consolidation. First contact with this level is likely to encounter resistance. Consider a small short position targeting 4450 to test the bottom; if 4450 holds, then switch to a long position to aim for the second rally.
Suggested strategy: go long at 4450, set stop-loss at 4435, and target 4480.
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0xLostKey
· 01-08 16:55
I'm also watching 4450 for a long position, but the key point at 4448 must be held firmly, otherwise it's just a false breakout trap.
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DefiPlaybook
· 01-07 02:36
Once again, it's the same "Three Yangs and One Yin" narrative, which feels even more aggressive than the APY promotion for liquidity mining [dog head]
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BridgeJumper
· 01-06 12:05
4450, you're right about that. I had a bad experience here yesterday, so I need to be more cautious this time.
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0xSleepDeprived
· 01-06 07:59
Buy the dip at 4450, see you at 4480, everything else is nonsense. I didn't get on this wave in the early session. Chasing high now just makes you the bag holder. Wait for a pullback and see.
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MindsetExpander
· 01-06 07:53
Position 4450 is really a threshold; once it can't be held, it feels like a pullback is coming.
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GateUser-5854de8b
· 01-06 07:44
4450, that critical level really needs to hold, or else we'll have to find support again... Feeling like the bulls are a bit exhausted.
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BoredRiceBall
· 01-06 07:41
I've had my eye on the 4450 level for a long time, just worried that the rebound might not be strong enough. Be careful not to become the cannon fodder of chasing highs again.
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MemeEchoer
· 01-06 07:37
4450, give it a try. Anyway, I'll cut losses and run at 4435. There's nothing to be overly concerned about.
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DaoResearcher
· 01-06 07:33
According to the technical analysis framework in the white paper, this 4450 support level indeed forms a Nash equilibrium point... No, I was wrong, this is just an ordinary support level, don't overcomplicate it.
It is worth noting that if the bullish momentum can be maintained (confidence level about 85%), then the target of 4480 is worth taking a gamble on. But the key question is—are your stop-loss execution discipline sufficiently disciplined? This determines the feasibility of the entire trade.
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GasFeeSobber
· 01-06 07:30
Entering at 4450? I see that the support at 4428 is a bit weak, and there's still a desire for a second surge. Is the bullish momentum really that strong?
Gold continued its strong momentum in the early trading session, quickly rebounding after finding support around 4428, with a clear bullish control. However, the current position is already in a relatively high zone, and greedy chasing of the rally could lead to pitfalls. Investors are advised to remain patient and wait for better pullback opportunities.
The key level to watch is 4448. It serves as both a confirmation point after the morning surge and determines the subsequent direction of the hourly chart. Once it stabilizes and rebounds, the probability of a second upward attack will significantly increase. From a technical perspective, the hourly chart shows a clear "three positive candles and one negative candle" strong structure—full-bodied bullish candles with low volume on the retracement bearish candle, indicating that the bulls still have strong momentum.
The main resistance to watch is around 4475, which is the upper boundary of the previous consolidation. First contact with this level is likely to encounter resistance. Consider a small short position targeting 4450 to test the bottom; if 4450 holds, then switch to a long position to aim for the second rally.
Suggested strategy: go long at 4450, set stop-loss at 4435, and target 4480.