Last week, gold's price movement was quite volatile, oscillating from a high of 4618 down to 4536. Several key levels during this period are worth reviewing.



The opening phase presented clear shorting opportunities. Placing short positions in the 4620-4630 range caused the price to steadily decline to around 4597 and 4593. This drop provided many traders with entry opportunities.

However, the charm of gold lies in its dual nature. During midday, signs of bullish momentum appeared near 4509, pushing the price straight up to the 4600 area, with a profit of 91 points. There was also another bullish opportunity during this period, with around 32 points of profit. Capturing these two waves indicates good control over intraday rhythm.

In the evening, gold once again demonstrated high volatility. The long target at 4596 aimed for 4620, while the short position unexpectedly dipped to 4536, resulting in a total gain of 108 points.

A noteworthy point is the trend analysis before midnight. Support was identified at 4590, suggesting a potential continuation of the bullish trend. Indeed, after a pullback, the price surged strongly, rewarding traders who had positioned themselves early.

Overall, opportunities in gold are everywhere. The key is to make precise judgments at critical support and resistance levels, avoiding blindly chasing highs or lows. The market always favors those who patiently wait and dare to act at confirmed levels.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ForkThisDAOvip
· 01-17 08:01
It's really frustrating to see those 91 ideas slip away without being copied.
View OriginalReply0
LostBetweenChainsvip
· 01-17 08:00
It's always those post-mortem reviews, how many people can truly grasp these key points... This wave of dropping to 4536 was indeed fierce, but to be honest, I didn't catch it that day; I was just too slow. 91 points sounds comfortable, but I want to ask how many people can actually precisely go long at 4509... Support levels always seem to be correct in hindsight, but only after you lose money do you realize what "support can't hold" really means. This article sounds good, but in practical trading, it's a different story. If it weren't for looking at the K-line after the fact, who would dare say 4590 is support... There are indeed opportunities on both sides, but only those two people always make money.
View OriginalReply0
OneBlockAtATimevip
· 01-17 08:00
Another wave of 91-point market, damn it, why can't I get this rhythm right?
View OriginalReply0
ProofOfNothingvip
· 01-17 07:57
Eating up all 91 ideas directly, this is the real market. I really missed out on the midday momentum, and it was a huge loss.
View OriginalReply0
FloorSweepervip
· 01-17 07:53
It's that kind of post-event analysis where everyone acts like a genius afterward. Who could react so quickly when actually on the scene?
View OriginalReply0
Rekt_Recoveryvip
· 01-17 07:45
damn, so you're telling me people actually caught those swings cleanly? ngl i'm skeptical lol
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)