2026-01-02 10:22:34

Gold Price Trend Analysis: Short-term Technical Pressure and Pullback

From a technical perspective, XAU has entered a consolidation phase after a rebound from the high of $4550. The 4-hour MACD shows a death cross signal, and the price was resisted after bouncing back to the $4370-$4380 range today, indicating a short-term continued pullback demand. However, it is worth noting that the key support level of $4300 on the daily chart remains intact, and the medium- to long-term bullish structure remains complete, providing some market support.

Fundamental Constraints and Long-term Driving Forces

The news sentiment presents a mixed picture of bullish and bearish factors. In the short term, CME increasing gold futures margin requirements and passive fund rebalancing are creating selling pressure. But from a medium- to long-term perspective, factors such as the Fed's rate cut cycle, ongoing central bank gold purchases worldwide, and geopolitical risk aversion support are quite strong. Shorting at this stage could easily lead to pitfalls.

Trading Instruments and Risk Reminder

COMEX gold futures, London gold spot, gold ETFs (such as GLD), and perpetual contracts on certain platforms all provide trading channels for XAU with sufficient liquidity. However, the leverage of perpetual contracts varies greatly from 1x to 100x; higher leverage means higher risk and more difficulty in control. Participants should trade within their means.

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HashRateHermit

· 11h ago

It's still a death cross, but we need to see if 4300 can hold. If it can't, that's the real problem.

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ShibaSunglasses

· 11h ago

The $4300 level must hold, or it will really be panic. --- Dead cross coming, still hoping for a rebound? Haha, in the short term, it's just looking for fools to buy the dip. --- Rate cut cycle + central bank gold purchases, the long-term bullish framework is here, why be timid? --- Perpetual 100x leverage? Bro, you're just speeding up your bankruptcy. --- This wave of gold is a battle between bulls and bears, see who blinks first. --- Resistance at 4370-4380 is normal, the rebound is just a bait. --- CME raising margin requirements is just a trick to shake out retail investors, old routine. --- Medium to long-term strong support is right here, I don't believe it can break down. --- Getting caught short? I've been there, learned the hard way, blood and tears. --- MACD dead cross but the bullish framework isn't broken, this is the time to buy the dip. --- Geopolitical safe-haven demand has always been there, gold can’t really fall. --- It's well said to act within your means; trading perpetual contracts with 1x leverage is the best.

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BuyHighSellLow

· 11h ago

The key support at $4300, I bet it won't hold... No, wait, the central bank is still buying frantically. How does this logic not make sense?

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DataPickledFish

· 11h ago

The $4300 support level hasn't been broken, and the medium-term bullish framework is still intact. Short-term pullbacks are just buying opportunities. Don't be scared off by CME's margin call wave.

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