Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
: 4450
- TP2 (Long-term): 4300
Stop Loss: Above 4640
Reasons for Short Position:
1. Pattern Confirmation:
- Daily chart forms a "Double Top" reversal pattern (neckline at 4520), top height 120 (4520-4640)
- Measured decline = top height × 1.618 = 194 → Target Price 2 = 4520 - 194 = 4326 (rounded to 4300)
2. Trend Structure:
- Weekly chart breaks below the 2024 upward trend line (4640→4600 line), price drops below MA(50) 4580
- RSI(14) = 42 (weak zone), MACD green bars expand indicating increasing bearish momentum
3. Market Sentiment:
- Reversal signals appear around 4640 with "volume increase, stagnation + long upper shadow"
- Three consecutive days of closing below 4600 (historical resistance + Fibonacci 38.2% retracement)
4. Indicator Validation:
- OBV hits new low in 2024, indicating continuous outflow of funds
- Funding rate -0.155% (negative for 5 consecutive days), futures open interest decreases by 35%
- On-chain data: exchange net inflow +2.8 million coins, whale holdings decrease by 48%
This content is for reference only and does not constitute investment advice.#现货黄金再创新高