Weekend sudden events triggered market risk aversion, and gold responded immediately by showing its true nature—gapping higher on Monday with a clear bullish stance. However, upon closer inspection, this rally is not just driven by news.



From a technical perspective, last week the price spent considerable time around the 4273 level, and a bottom structure gradually took shape. The head and shoulders bottom pattern on the 1-hour chart has basically completed, and the right shoulder has accelerated through recent news-driven momentum. This resonance between technicals and sentiment often indicates that a larger trend is coming.

The news hype will gradually fade, but the technical break is real. The current trading strategy is as follows: consider going long around 4380, with a stop-loss at 4365. If the breakout is successful, initially target 4430, and if strength continues, aim for 4450. In this early-year market, rhythm is very important. Staying in sync with the pace could lead to a strong start ahead.
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
MoonBoi42vip
· 18h ago
Head and shoulders bottom + message resonance, this combination indeed tends to trigger a major move. The key is whether the break can hold above 4380.
View OriginalReply0
GweiWatchervip
· 01-05 02:50
The technical breakdown looks comfortable to me. Entering long at 4380 is no problem; I'm just worried it might be another false breakout.
View OriginalReply0
GovernancePretendervip
· 01-05 02:47
Getting tired of the head and shoulders bottom breakout routine. Every time they say a big trend is coming, but what happens? Entered long at 4380 and got cut, don’t forget that last time at 4273, they said the same thing.
View OriginalReply0
AlgoAlchemistvip
· 01-05 02:45
The head and shoulders bottom breakdown is reliable; the key is to hold above 4365, otherwise it's all for nothing.
View OriginalReply0
DegenWhisperervip
· 01-05 02:45
The head and shoulders bottom has formed. This wave is indeed not just about sentiment; a technical breakdown is the real deal. Follow the 4380 level, defend at 4365. If it goes up, aim straight for 4450. Just keep the rhythm in check.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)