#比特币与黄金战争 Gold and Cryptocurrency Market Night Watch

The daily chart is quite clear. After the doji candle on Wednesday, we mentioned yesterday that it was a continuation signal. Today, relying on the support of the 5-day moving average, the market continued to push higher, pushing the new all-time high to 4531. If a pullback occurs now, the area around the 5-day moving average (about 4470) is the most critical defense line. The trend still points upward, and there are opportunities to buy on dips.

In recent days, gold has been oscillating at high levels—rushing through resistance during the Asian session, then starting to bleed out during the early US session, only to be pulled back overnight. It looks like volatility, but this is actually "using time to exchange for space." Short-term moving averages are gradually moving upward during this process, preparing for the next rally.

The hourly pattern is even more interesting: rally → consolidation at high levels → rally again, repeating this cycle. There are clues in the timing—early trading hours from 7 to 10 often see continuous bullish breakthroughs; most of the European session is sideways; around 22:00 US time, a sharp decline often occurs; and during the early morning hours, stabilization often leads to a V-shaped recovery.

Based on experience, each pullback of about 60 to 70 points tends to form a nighttime low. So tonight, focus on the 4470–4460 area, which is supported by the daily 5-period moving average and is a good position for trend-following longs. If the market gradually pulls up again in the late night, we can continue to watch for breakout opportunities on Monday morning. Once the price effectively surpasses 4530, the next target is around 4569–4577.

Of course, patterns are just references; the market always has exceptions. If a clear bottom rebound bullish candle appears early, it can also be used as a signal of stabilization.

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