Gold prices briefly surged to around 4526 this morning before facing resistance. Early short positions around 4422 have already secured significant profits. Currently, the gold price is fluctuating around 4490, and based on the market, there is potential to push again towards the 4500 level tonight.
Overall, the bullish trend remains the main theme—this is a buy-on-dip opportunity. As Christmas Eve approaches midnight, the market is entering holiday mode early. Under this atmosphere, a significant pullback in gold is unlikely. The strong upward pattern remains unchanged.
From a technical perspective, 4470 is the first support level to watch, followed by the critical zone at 4445-4450. The expectation is that after touching the support, the price will continue to oscillate higher; the daily bullish momentum is strong, and there are no clear signs of resistance at the moment.
**Trading Strategy**: Gradually build long positions around 4470-4475. If the price drops further to 4445-4450, add to your positions, with a stop-loss set at 4437. The target is around 4520-4525. However, before Christmas, be sure to control your position size, avoid over-leveraging, and stay flexible to market changes.
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GasGrillMaster
· 8h ago
4422 cut meat is estimated to be regretful now, but fortunately it did not chase 4526
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AllInAlice
· 8h ago
4490 keeps stalling, waiting to push back to 4500. The bullish trend isn't over yet.
The short at 4422 in the morning was satisfying, but currently the bulls are still in control.
This time period before Christmas is really strange, can't be too greedy.
Hold at 4445-4450, even though it's a bit exhausting.
This market is just a cycle of retracements to buy, sometimes it's so annoying.
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StrawberryIce
· 8h ago
It's another bullish rhythm, early morning short positions got caught in a squeeze.
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If 4470 doesn't break, I'll keep averaging down, optimistic about pushing to 4500 in the evening.
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That's how Christmas trading is—who dares to drop sharply before the market closes?
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Sounds stable, but leverage is really something to be cautious about; don't end up losing everything.
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Setting a stop loss at 4437 was a good move; finally, I see some rational analysis.
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I've heard this rebound-and-buy logic too many times; does it really work this time?
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Haha, that early short position was probably another missed opportunity for me.
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Gold is stalling here; it seems we have to wait until tonight for some action.
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BearMarketNoodler
· 8h ago
The 4437 stop-loss line is drawn well. I'm just worried about a black swan on Christmas night, which could cause slippage and leave people crying before they can react.
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WhaleMinion
· 8h ago
Long positions in the morning made some profit, and now you're chasing longs again? That's a bit刺激
Daring to go full position before Christmas? You really have guts
4437 as a stop-loss point is a bit tight, easy to get swept
Wait, can 4500 really break? Seems like there's quite a bit of pressure above
The bulls are so aggressive, I'm still observing
Just shouting long isn't practical, let's see if 4470 can hold first
Before the market closes, everyone wants to buy the dip, a typical gambler's mentality
Gold prices are a bit strange this wave, don't be fooled by fake breakouts
Control your position size well, don't follow the trend and add leverage
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ContractHunter
· 9h ago
It's the same pattern again, with multiple pullbacks. I saw that the short position at 4422 in the morning was really satisfying, but now at 4490, it's just repeated tug-of-war, which is a bit annoying.
Being cautious before Christmas is wise; don't get caught off guard by leverage backlash.
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BlockchainFries
· 9h ago
Still willing to go all-in before Christmas? I think you're just trying to give a gift to the exchange.
Gold prices briefly surged to around 4526 this morning before facing resistance. Early short positions around 4422 have already secured significant profits. Currently, the gold price is fluctuating around 4490, and based on the market, there is potential to push again towards the 4500 level tonight.
Overall, the bullish trend remains the main theme—this is a buy-on-dip opportunity. As Christmas Eve approaches midnight, the market is entering holiday mode early. Under this atmosphere, a significant pullback in gold is unlikely. The strong upward pattern remains unchanged.
From a technical perspective, 4470 is the first support level to watch, followed by the critical zone at 4445-4450. The expectation is that after touching the support, the price will continue to oscillate higher; the daily bullish momentum is strong, and there are no clear signs of resistance at the moment.
**Trading Strategy**: Gradually build long positions around 4470-4475. If the price drops further to 4445-4450, add to your positions, with a stop-loss set at 4437. The target is around 4520-4525. However, before Christmas, be sure to control your position size, avoid over-leveraging, and stay flexible to market changes.