#Solana行情走势解读 1.12 Gold Market Analysis: The Correction and Strong Bullish Pattern Remain, Targeting 4550
Opportunities often favor prepared traders. When the market pulls back, panicked investors choose to cut losses, but if you can see through the trend and position precisely, your composure will be your strongest weapon.
Last week, gold, driven by multiple positive catalysts, broke through the key resistance level of 4500 in one move. After reaching 4517, it faced resistance and pulled back, with the US session testing lows around 4481, then stabilizing and gradually rebounding. The overall movement shows a typical pattern of rising high and pulling back.
Why is gold so strong? The reason is simple—bullish momentum is still intact, and the fundamentals are supportive. December non-farm employment data underperformed expectations, prompting the market to reprice rate cut expectations; coupled with geopolitical uncertainties, safe-haven funds continue to flow into gold. The dominance of the bulls remains unshaken.
From a technical perspective, the daily moving average system maintains a standard bullish arrangement, with a clear upward trend; the weekly chart shows a single bearish candle, which is a common correction pattern in a bullish trend. Various technical indicators remain in strong zones. Next, gold is likely to challenge the historical high of 4550.
What should we watch for next? First, whether the 4500 level can hold; second, the performance of support at 4470-4475; finally, keep an eye on the critical line at 4440-4445.
How to operate? Maintain a primarily long position and buy on dips. History has proven that every correction in gold is a buildup phase for the bulls. Therefore, if the price pulls back to 4470-4475, go long directly; if it drops further to 4445-4450, add positions in batches, with a stop loss at 4440. The initial target is 4505; once broken, aim for 4520. $XAU
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.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
GasFeeVictim
· 6h ago
It's the same bullish narrative again, 4550, right? Well, I'll bet a shot that it can return to 4470.
View OriginalReply0
DoomCanister
· 23h ago
It's the same argument about this correction being the right time to position, claiming that history has proven it... Brother, is your history only the part where it went up?
View OriginalReply0
GasFeeCrier
· 01-11 23:29
It's that same narrative about a pullback being a setup... Always saying this, but what’s the result? How many times has 4440 been broken?
View OriginalReply0
SchroedingerGas
· 01-11 23:19
Is gold going to hit 4550 again this time? I bet my gas fee it will retest 4470
Another bunch of "prepared traders" motivational quotes, those who cut losses are long gone
It's really a big deal if 4500 can't hold, that's the real issue
View OriginalReply0
WhaleMistaker
· 01-11 23:14
It's the same old story. Every time there's a pullback, they say it's accumulation for a bullish move... The last time at 4480, they said the same thing. And look at the result?
View OriginalReply0
BTCWaveRider
· 01-11 23:13
Coming back to 4550 again? Just listen, the real money has already been made at 4470.
Every time there's a pullback, people say the bulls are gathering strength. I'm tired of hearing that; the key is still to watch the Federal Reserve's stance.
If 4500 can't hold, everything is pointless. It seems the probability isn't that high anymore.
What’s the deal? Is it the non-farm payrolls data again falling short of expectations? After all this geopolitical conflict hype, there's nothing new.
Instead of waiting for 4550, why not focus on whether it can drop to 4440? That would be the real buying opportunity.
#Solana行情走势解读 1.12 Gold Market Analysis: The Correction and Strong Bullish Pattern Remain, Targeting 4550
Opportunities often favor prepared traders. When the market pulls back, panicked investors choose to cut losses, but if you can see through the trend and position precisely, your composure will be your strongest weapon.
Last week, gold, driven by multiple positive catalysts, broke through the key resistance level of 4500 in one move. After reaching 4517, it faced resistance and pulled back, with the US session testing lows around 4481, then stabilizing and gradually rebounding. The overall movement shows a typical pattern of rising high and pulling back.
Why is gold so strong? The reason is simple—bullish momentum is still intact, and the fundamentals are supportive. December non-farm employment data underperformed expectations, prompting the market to reprice rate cut expectations; coupled with geopolitical uncertainties, safe-haven funds continue to flow into gold. The dominance of the bulls remains unshaken.
From a technical perspective, the daily moving average system maintains a standard bullish arrangement, with a clear upward trend; the weekly chart shows a single bearish candle, which is a common correction pattern in a bullish trend. Various technical indicators remain in strong zones. Next, gold is likely to challenge the historical high of 4550.
What should we watch for next? First, whether the 4500 level can hold; second, the performance of support at 4470-4475; finally, keep an eye on the critical line at 4440-4445.
How to operate? Maintain a primarily long position and buy on dips. History has proven that every correction in gold is a buildup phase for the bulls. Therefore, if the price pulls back to 4470-4475, go long directly; if it drops further to 4445-4450, add positions in batches, with a stop loss at 4440. The initial target is 4505; once broken, aim for 4520. $XAU