Today’s early morning gold price movement remains supported by geopolitical tensions and weak employment data, but profit-taking after the previous surge has triggered a noticeable pullback. Currently, the $4480 level is squeezed within the downward trendline of $4479-$4485, while the $4440 level below forms a resonance support.
**Bullish Strategy**: Stabilizing in the $4440-$4450 range or a volume breakout above $4485 followed by a pullback are both good entry opportunities. Stop-loss can be set below $4430 or $4470, with the target aiming at $4500, and further targets at the resistance zone of $4530-$4550.
**Bearish Strategy**: Facing resistance and falling back at $4480-$4485, or a rebound after directly breaking below the resonance support at $4440, are suitable for shorting on rallies. The targets below are sequentially $4420$, $4400-$4380.
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TeaTimeTrader
· 01-10 15:51
4440, that critical level really can't hold up. Once it breaks, it will head straight to 4380.
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NewPumpamentals
· 01-10 04:27
4440 has been pumped up again, it feels like this routine happens every time.
Is it profit-taking again? Where is the real support?
If 4485 can't be broken, it will continue to fluctuate, it's boring.
Is this a shorting opportunity? Or should we wait until it breaks down?
This market is a bit dull, it's uncomfortable.
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AirdropSkeptic
· 01-10 01:45
This hurdle of 4440, I have to confirm repeatedly again, so annoying.
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BuyHighSellLow
· 01-09 00:57
It's another profit-taking round, always like this... Still waiting for that crucial level at 4440.
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Can't break 4485, really frustrating. The bears should start to exert pressure.
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Geopolitical situation is saving the day. Can this wave hold until 4500?
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I just want to know if 4440 can really hold. That's the key.
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Lost out on the previous high, this time I need to wait for a pullback before entering.
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The trendline resistance is so obvious, why still buy on the rise...
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If it directly breaks below 4440, it's over. No more hesitation.
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FundingMartyr
· 01-09 00:56
If 4440 breaks, we're doomed.
Taking profits on this move is really intense; I got trapped in it.
Repetitively testing there again, so annoying.
Brothers, if 4485 can't break through, what should we do? We still have to wait.
I don't quite understand this bullish opportunity; it feels like the bears are the main theme.
This gold trend is really pulling back; this is the most annoying thing this year.
Entering at 4450 is too risky; I’d rather wait and see.
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SerumDegen
· 01-09 00:49
ngl the 4440 confluence is basically screaming "trap me daddy" rn... watched this exact chart pattern liquidate half my portfolio last month lol. that downtrend squeeze always bleeds one way or the other, cascade incoming fr fr
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APY追逐者
· 01-09 00:47
Here comes the devil's position at 4440 again, really a bit annoying
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Both bulls and bears have a meal to eat, it all depends on who has better skills
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Oh, profit-taking again, I'm really tired of this routine
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Can 4530 break? Feels a bit uncertain this time
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Still better to wait until it breaks below 4440, less risky
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Gold this guy is oscillating up and down every day, really exhausting
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Setting stop-loss at 4430 feels a bit nerve-wracking
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Bearish strategy is more reliable, just see if it can return to 4380
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The geopolitical situation, this wild card, no one can play it
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CryptoSourGrape
· 01-09 00:45
If I hadn't slept in this morning and managed to catch the wave at 4440, oh man, I’m devastated.
It's another awkward situation stuck within the trend line and unable to move. Watching others precisely bottom out makes me regret.
The resistance level at 4485 is really tough. Every time, it just barely misses breaking through. It’s frustrating just thinking about it.
If I had followed the bullish strategy and entered yesterday, I’d probably be relaxing now. Now, I can only watch helplessly.
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FarmHopper
· 01-09 00:44
It's another dull market stuck in a range, really getting on my nerves.
If 4440 can't hold, then we look at 4420. The problem is, can we afford to wait?
Taking profits sounds nice, but in reality, it's just the big players dumping their holdings haha.
I bet 4485 won't break through; if it rebounds, it'll drop again.
How long will this geopolitical hype last before it finally settles down?
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GasGuru
· 01-09 00:42
It's another profit-taking move. This pullback feels like a test to see if 4440 can hold.
Gold's repeated fluctuations are really annoying. Will it break through 4500 or drop further?
Both bulls and bears have opportunities; it all depends on who can catch the bottom.
Can't break through that resistance level at 4485? Then just go short, with a target of 4380 for sure.
Here we go again, all caused by geopolitical tensions. Gold just can't catch a break.
Today’s early morning gold price movement remains supported by geopolitical tensions and weak employment data, but profit-taking after the previous surge has triggered a noticeable pullback. Currently, the $4480 level is squeezed within the downward trendline of $4479-$4485, while the $4440 level below forms a resonance support.
**Bullish Strategy**: Stabilizing in the $4440-$4450 range or a volume breakout above $4485 followed by a pullback are both good entry opportunities. Stop-loss can be set below $4430 or $4470, with the target aiming at $4500, and further targets at the resistance zone of $4530-$4550.
**Bearish Strategy**: Facing resistance and falling back at $4480-$4485, or a rebound after directly breaking below the resonance support at $4440, are suitable for shorting on rallies. The targets below are sequentially $4420$, $4400-$4380.