Gold reached a new all-time high last week and then closed higher after a correction. This trend is very important. If this week we break through the previous high again and get confirmation, the previous triple top pattern may be invalidated, indicating more room for upward movement. However, although the daily chart is in an uptrend, it is approaching the previous high divergence area. Without a breakout, be cautious of a deep correction risk.



The short-term strategy is to buy on dips. On Monday, wait for the 4473 to 4483 range to see if you can enter the market. If you do, the first target is 4510; after breaking through, you can continue to look at the previous high near 4540.

But an important tip: if the price opens and directly falls below 4470, then change your approach to shorting along the trend. First, set the target between 4400 and 4420, and then take opportunities to go long based on the situation. No need to chase highs aggressively; patience and waiting for a correction is the key.
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faded_wojak.ethvip
· 01-12 17:27
Gold is trying to break through again, but I think it depends on whether it can hold above 4473 on Monday; otherwise, it's just a false breakout. Wait for a pullback to get in; chasing highs is easy to get crushed. If it falls below 4470, go short directly; don't be greedy. This wave of market movement is a bit fake, so be cautious. A new historical high isn't necessarily reliable; the key is to look at the confirmation level.
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LiquidityWizardvip
· 01-11 23:51
Hmm... the level at 4473-4483 still sounds a bit uncertain.
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rugpull_ptsdvip
· 01-11 23:49
Bro, your analysis this time is a bit conservative. We've already broken through the all-time high, so what are you worried about with a pullback... Wait, entering at 4473? Feels like this level is a bit useless; better to see if we can push through 4510... By the way, if it directly breaks 4470, I'll just go completely flat. This market is a bit frustrating. Gold really... no one is optimistic when it rises, and when it falls, everyone regrets it. Dipping to buy is indeed the way to go, but I'm just worried that "buying on dips" might turn into "getting caught on dips"...
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ChainMelonWatchervip
· 01-11 23:40
Oh no, this wave of gold is playing with our hearts again. After reaching a new historical high, it started to drop the ball. I really can't stand this rhythm. 4473 needs to hold steady, or else I'll have to cut my position. Let's wait and see. I agree not to chase the high.
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