2026-01-09 01:28:35

Gold yesterday experienced a classic rollercoaster. During the day, it continued to fluctuate downward, but suddenly rebounded strongly at night, ultimately closing with a long lower shadow on the daily chart. This pattern usually indicates support below.

The opening of the session was good, with the price quickly reaching near a new high, but then it pulled back again. From a technical perspective, there is still room for this rebound to rise another 20-50 points.

For the upcoming trading, you can consider the following:

If the price retraces to the 4440-4460 range, this is a good area to gradually build long positions. During the rebound, once it approaches around 4500, you might consider trying short positions, but only if this level can be effectively resisted. If gold strongly breaks above 4500, don’t rush to short; wait until it rises above 4530 to look for opportunities to go short. Overall, it’s important to stay flexible in responding to this kind of oscillating market.

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PerpetualLonger

· 01-11 08:00

Another roller coaster? I knew it. The lower shadow is the most deceptive; it looks like support but is actually a trap. I already added a round of positions at 4460, and I feel it can go higher. My faith is still there.

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AirdropHunterWang

· 01-11 01:55

Another roller coaster ride, truly amazing. I almost got knocked out last night.

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LiquidityWitch

· 01-10 10:38

ngl the long wick energy here is giving "dark pool accumulation" vibes... those 4440-4460 zones are basically liquidity traps brewing alpha for the initiated. the real alchemists know when to transmute these dips into yield, but most plebs just chase the bounce like it's some fairytale ending lol

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DefiEngineerJack

· 01-09 01:58

ngl the support/resistance framework here is... pedestrian at best. you're basically describing a market-making bot's day-to-day, not actual alpha generation. where's the formal verification on these price levels? show me the empirical data backing up the 20-50 point range or it's just vibes trading tbh

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RugResistant