The early session's rally pushed gold to around 4367, and the four-hour chart looks quite impressive with a large bullish candle rising all at once. However, upon closer inspection of the upper shadow, that long upper shadow is actually telling us a story—bullish momentum is clearly beginning to wane.
The key resistance level is at 4380, a position we have mentioned repeatedly. It tends to get stuck around here, and each time it touches this point, problems are likely to arise. Frankly speaking, there is always a hidden risk of a sharp decline below. The seemingly strong bullish formation may very well just be a carefully designed trap to lure in buyers.
If you want to participate, the idea is as follows: - Entry point: 4367 short - Stop loss set at: 4383 - Target price: 4260
Just a reminder: the market carries risks, and you should carefully consider your own tolerance before making any decisions.
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StableGeniusDegen
· 7h ago
4380 is really a hurdle that can't be bypassed, always blocked at this point, and this time is no exception.
Is it another bull trap? I just want to know if this wave is a real breakout or if it's digging a pit again.
I believe in the logic of short-term short orders, but patience is needed. Can it really drop to 4260?
With such strong employment in the US, gold is still entangled here, which is a bit unusual.
Those who entered short at 4367 have some guts. I'm still watching, afraid of cutting losses.
This long upper wick, as expected, is not a good sign.
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MeaninglessGwei
· 7h ago
It's the same old trap again, every time they talk about the bull trap, but in the end, it still rises.
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NeverPresent
· 8h ago
Here we go again with this trap, the upper wick is as long as a bamboo pole, and it's clear that the long positions are weak.
This bull trap is really hard to defend against, better to wait until it breaks before making any decisions.
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wrekt_but_learning
· 8h ago
It's the same old trick again, I've heard this upper wick deception too many times, every time they talk about a bull trap and end up taking the opposite position and getting slapped in the face.
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I find the 4380 level annoying, always feeling like it's going to break.
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The risk of a short order is really high, with strong U.S. employment data, can gold really fall like that?
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A stop loss at 4383 feels a bit tight, it might get swept away directly.
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Here comes another precise sniping plan, it just makes me want to laugh.
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The target of 4260 is too far away, it would be strange for this market to fall.
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However, the upper wick is indeed long, I admit this detail has some merit.
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To be honest, participating in gold right now feels a bit like gambling, the risk is too high for me to play.
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fren.eth
· 8h ago
Is that level really that hard? It feels like I'm almost breaking through every time.
#美国就业数据表现强劲超出预期 December 22 Market data observation for gold
The early session's rally pushed gold to around 4367, and the four-hour chart looks quite impressive with a large bullish candle rising all at once. However, upon closer inspection of the upper shadow, that long upper shadow is actually telling us a story—bullish momentum is clearly beginning to wane.
The key resistance level is at 4380, a position we have mentioned repeatedly. It tends to get stuck around here, and each time it touches this point, problems are likely to arise. Frankly speaking, there is always a hidden risk of a sharp decline below. The seemingly strong bullish formation may very well just be a carefully designed trap to lure in buyers.
If you want to participate, the idea is as follows:
- Entry point: 4367 short
- Stop loss set at: 4383
- Target price: 4260
Just a reminder: the market carries risks, and you should carefully consider your own tolerance before making any decisions.