2026-01-14 02:26:57

Gold's recent rally has been significant, and it is currently in a correction phase. Overnight, it surged to around 4640, then quickly plunged, breaking through 4570. From the four-hour candlestick chart, a clear large bearish candle pattern is visible, indicating a correction after a strong rise. Therefore, entering a short position directly at 4620 is a viable strategy.

The current resistance remains quite strong. The hourly chart also shows continuous declines, with heavy pressure overhead. Be cautious of the rebound in the morning—such rebounds are often used by the main players to accumulate positions, so don’t be fooled. Support levels are around 4550, and further down, near 4530.

Trading suggestion is simple: go short around 4620, set a stop loss at 4630, with the first target at 4580. The risk-reward ratio is quite favorable.

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SolidityNewbie

· 12h ago

4620 short position entered, this level is indeed good... However, I do believe in the main force's accumulation strategy, so we should be cautious during the morning rebound.

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SlowLearnerWang

· 12h ago

Here we go again. I didn't get in when it was rising, and only saw this analysis when it was falling... 4620 short? I bet five bucks that if I really entered, it would immediately rebound to 4640.

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TokenStorm

· 12h ago

4620 went in, but the rebound slapped me hard. The main force's method of absorbing funds this time is indeed brilliant. I can't compete with this amount of capital.

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IronHeadMiner