Last night, gold performed strongly, surging up to around 4630 before beginning to adjust. It started to decline in the early hours, and this morning it even dipped briefly, indicating a possible slowdown in the bullish momentum. However, from a long-term perspective, this rally remains solid, and there is no doubt about maintaining a bullish outlook in the medium to long term. Short-term pullbacks are quite normal—strong markets naturally experience periodic technical corrections.
Today, the key focus should be on the support zone tested yesterday, which is around 4565-4555. If the price first touches this area during the day, bulls can consider adding positions appropriately. Conversely, if the price approaches 4600-4610 again from above, bears might get a chance to try their luck, but the key is to hold this high point. The overall rhythm is a game of tug-of-war between support and resistance, so patience is needed to wait for a clear direction.
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ETHmaxi_NoFilter
· 15h ago
4630 surged higher and then pulled back. I’m familiar with this rhythm—it's a typical strong consolidation.
Really, the medium-term outlook is bullish, but in the short term, this kind of volatility is the easiest way to get chopped up. Just hold the 4565-4555 range.
The resistance levels at 4600-4610 above are definitely key points to watch. If it can't break through, we’ll have to keep grinding.
Basically, it’s about patience—don’t be in a hurry.
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ForumLurker
· 01-13 03:57
4630 has been hit, and you're still saying it's solid? Why do I feel this wave is a bit weak, it should have already corrected
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Support at 4555? Sounds good, but I bet it will break through; anyway, I am a die-hard bear
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Support and resistance, patience and waiting—after all that, I still don't know whether to buy or sell tomorrow
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Short-term dip to add to longs—I've heard this set of words countless times, and in the end, I still get trapped
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Gold is like this: it feels good when it rises, but when it falls, it reverts to the state before liberation overnight
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StablecoinEnjoyer
· 01-13 03:57
If you've already invested 4630, what are you worried about? Just buy in when it retraces to 4565.
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MoodFollowsPrice
· 01-13 03:34
4630 surged up again and then fell back. This rhythm is really a bit exhausting.
Wait, can it really hold the 4555 level? Feels a bit uncertain.
Having to watch both support and resistance, this trading is so tiring.
Is the 4600-4610 level a fortress for the bulls or a sniper point for the bears...
No solid foundation, that drop in the morning completely shattered my mindset.
The battle between support and resistance, honestly, is just a gamble.
I believe in short-term recovery, but don't you dare drop below 4550 again.
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bridge_anxiety
· 01-13 03:30
4630 surged up again and then dropped back down. This round of market action is really a bit dull.
Every time they say it's technical correction, but it turns out to be just an excuse to cut leeks.
If 4565 can't hold, it feels like it will break below. This time is different.
Wait, we still need to see if 4600 can hold the line. Feels quite uncertain.
Last night, gold performed strongly, surging up to around 4630 before beginning to adjust. It started to decline in the early hours, and this morning it even dipped briefly, indicating a possible slowdown in the bullish momentum. However, from a long-term perspective, this rally remains solid, and there is no doubt about maintaining a bullish outlook in the medium to long term. Short-term pullbacks are quite normal—strong markets naturally experience periodic technical corrections.
Today, the key focus should be on the support zone tested yesterday, which is around 4565-4555. If the price first touches this area during the day, bulls can consider adding positions appropriately. Conversely, if the price approaches 4600-4610 again from above, bears might get a chance to try their luck, but the key is to hold this high point. The overall rhythm is a game of tug-of-war between support and resistance, so patience is needed to wait for a clear direction.