2025-12-31 03:28:38

Gold is currently forming a range-bound consolidation on the 1-hour chart, and there has been no secondary effective break of the key levels at 4320 and 4300. Overall, it is still in the correction phase. The market was indeed weaker in the early session, but has now rebounded, so that early decline was more of a trap.

Let's analyze today's trend from three perspectives:

**1 Hour** — Has already rebounded upward, indicating a short-term consolidation pattern within the day, but don’t let your guard down; watch out for potential pullbacks at lower levels.

**4 Hours** — Continuous upward movement, expecting this rise to continue within the day, with the consolidation at lower levels also extending.

**Daily Chart** — The indicator has formed a death cross downward, but yesterday’s candlestick was not a strong bullish candle, so the continuation is relatively weak.

Based on a comprehensive assessment, the support level at 4320 remains relatively solid in the short term, so there’s no need to worry too much about it breaking. If a pullback occurs, you can consider following the trend, with the range between 4350 and 4340 as a reference; this is a good entry zone.

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.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

APY追逐者

· 3h ago

The early trap move is really clever, almost got caught in it... Is 4320 really that stable? I always feel a bit uneasy. The 4350-4340 level is really attractive, waiting for a pullback to buy in. The daily chart's death cross looks scary, but in the short term, it seems okay. I choose to believe in the continuous rise on the 4-hour chart. By the way, when will this wave of correction end? I'm getting a bit impatient. If 4320 really breaks, I'll admit defeat. Anyway, I've been wanting to add to my position for a while.

View OriginalReply0

GamefiEscapeArtist

· 3h ago

The early morning move was indeed a trap. Now that it has rebounded, we still need to keep an eye on 4320. Don't get caught up in the volatility. If 4320 holds steady, consider entering around 4350 to 4340, depending on whether a buying opportunity presents itself at the lows. The daily chart indicator is showing a death cross, which is a bit annoying. In the short term, it's mainly sideways movement. Don't be too aggressive. This position still feels like it's gathering strength. Wait for a clear breakout signal before taking action.

View OriginalReply0

NFT_Therapy_Group

· 3h ago

The early trap was really fierce, almost got caught again Still bouncing around 4340, as long as support holds, continue to look for gains; otherwise, I might have to cut losses again The daily death cross is a bit uncomfortable, but it looks stable in the short term, betting that 4320 won't break How long will this correction last? It's a bit frustrating Range-bound oscillation is the most annoying, might as well just drop straight down

View OriginalReply0

SchrodingerWallet

· 3h ago

That early move almost got me caught, but luckily I didn't chase the short... Currently, the 4320 level is indeed stable. I'm waiting for a pullback to 4340-4350 before entering again.

View OriginalReply0

FrogInTheWell

· 3h ago

The early morning trap was really fierce, luckily I didn't rush to cut losses. Now that it has rebounded, I’ll act as if nothing happened. The support at 4320 is solid, but I still want to wait until 4340 to get in, rushing in too early makes it easy to get trapped. It looks like another choppy day, so boring. The death cross on the daily chart is a bit annoying, I always feel there’s still a test coming. The four-hour continuous rise sounds good, but be careful, indicators can be deceptive. Just wait for the rebound to the right level, enter steadily, and don’t mess around.

View OriginalReply0

MainnetDelayedAgain

· 3h ago

It's another trap, another solid support level. According to the database, this kind of statement has been postponed and confirmed for the nth time. It's been a long time since the last promise of "don't take it lightly." Let's wait patiently for the flowers to bloom, everyone.

View OriginalReply0