#Strategy加仓BTC Gold bulls are still pushing forward, and this rebound looks very strong.
On Wednesday, gold prices continued to soar, and the dollar's strength couldn't suppress it. Investors' hopes for a potential Fed rate cut, combined with safe-haven demand driven by geopolitical risks, are supporting gold from both sides. In the short term, the bulls still have the advantage. From an operational perspective, deploying positions at low levels remains the right approach.
Today, be cautious with the data—US November retail sales and PPI will be released sequentially. Expectations may have a slight bearish impact on gold prices, leading to some short-term volatility. Wait for the data to come out and see the actual reaction; don't panic prematurely.
From a technical standpoint, after several days of consecutive gains, gold has stabilized around 4570, forming a support level. Currently, it is stuck around 4640, with clear resistance when trying to push higher. The target zone is around 4680-4700, but continuous upward movement to this level often signals a potential pullback—historically, gold has surged to 4630 and then dropped back to 4570, indicating that bulls and bears are still fiercely battling.
Trading advice: Don't rush to chase the rally tonight. The key support is at 4570; if broken, it could fall further toward 4520. The resistance at the previous high of 4650 is critical; if it can't be firmly broken, don't get too bullish. A safer approach is to look for long opportunities near support levels. If the 4650 resistance is blocked, consider a small short position with proper stop-losses. Conversely, if a strong breakout above 4650 occurs, the upward trend will truly open up, and you can continue to chase toward 4680. $BTC $SOL $XAU
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screenshot_gains
· 5h ago
Gold is doing the same thing again, what does it mean when it's stuck at 4650? Still have to wait for the data to speak.
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PumpBeforeRug
· 5h ago
This 4650 level is really interesting; the bulls and bears are really battling it out here.
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NFTArtisanHQ
· 6h ago
honestly, the way gold's positioning itself as this "safe haven narrative" feels almost too convenient—like we're watching the market construct its own aesthetic justification. the tokenomics of fear, if you will. but yeah, 4650's the real inflection point where the meta-narrative either holds or shatters completely.
Reply0
SignatureDenied
· 6h ago
This wave of gold is indeed quite fierce, but we have to get past the 4650 hurdle.
View OriginalReply0
MevHunter
· 6h ago
Gold at 4650 is stuck, it seems like it needs to retest the support before continuing to rise. This bullish wave isn't that strong.
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PrivateKeyParanoia
· 6h ago
This wave of gold is indeed quite strong, but the 4650 threshold is really tough. I'll wait and see the data first.
#Strategy加仓BTC Gold bulls are still pushing forward, and this rebound looks very strong.
On Wednesday, gold prices continued to soar, and the dollar's strength couldn't suppress it. Investors' hopes for a potential Fed rate cut, combined with safe-haven demand driven by geopolitical risks, are supporting gold from both sides. In the short term, the bulls still have the advantage. From an operational perspective, deploying positions at low levels remains the right approach.
Today, be cautious with the data—US November retail sales and PPI will be released sequentially. Expectations may have a slight bearish impact on gold prices, leading to some short-term volatility. Wait for the data to come out and see the actual reaction; don't panic prematurely.
From a technical standpoint, after several days of consecutive gains, gold has stabilized around 4570, forming a support level. Currently, it is stuck around 4640, with clear resistance when trying to push higher. The target zone is around 4680-4700, but continuous upward movement to this level often signals a potential pullback—historically, gold has surged to 4630 and then dropped back to 4570, indicating that bulls and bears are still fiercely battling.
Trading advice: Don't rush to chase the rally tonight. The key support is at 4570; if broken, it could fall further toward 4520. The resistance at the previous high of 4650 is critical; if it can't be firmly broken, don't get too bullish. A safer approach is to look for long opportunities near support levels. If the 4650 resistance is blocked, consider a small short position with proper stop-losses. Conversely, if a strong breakout above 4650 occurs, the upward trend will truly open up, and you can continue to chase toward 4680. $BTC $SOL $XAU