The precious metals market has performed impressively recently, with gold showing a good layout point around 4493. From a technical perspective, 4488 is the key defensive range, and caution is needed if it falls below. Looking upwards, 4500 is the first resistance level, and if it can break through smoothly, the target price of 4530 can be monitored subsequently.
The current gold trend is increasingly linked to mainstream cryptocurrencies. The changes in liquidity of crypto assets such as Bitcoin and Ethereum often leave traces in precious metals. Especially when geopolitical policy uncertainty rises, the safe-haven attributes of gold and Bitcoin are both activated.
Remember a few basics when trading: always set a stop-loss and don't be overly optimistic; strictly control the position size for each trade and don't go all in on any one direction. No matter how good the market looks, always leave yourself an exit strategy. Wait for confirmation signals before taking action; it's better to be slow than to chase the trend at a high.
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CryptoDouble-O-Seven
· 2h ago
Stop-loss is easy to talk about but hard to do, I’ve definitely suffered from this before.
Whether the 4500 level can be broken depends on Bitcoin’s performance in the next couple of days.
Going all-in is really a gambler’s mentality; people who think like that usually don’t end up well.
The correlation between gold and cryptocurrencies is indeed becoming closer; geopolitical tensions cause both to surge together.
Waiting for signals is a good suggestion, but the hardest part is waiting, the itch to act is strong.
There’s definitely some interest around 4493, but I’ll still wait and see for now.
Setting a stop-loss is like buying insurance for yourself; although it’s painful to lose that bit of money, staying alive is the most important.
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WagmiWarrior
· 14h ago
Stop loss is really critical; how many people go all in and end up directly losing everything, I've seen it happen a lot.
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MemeEchoer
· 12-23 04:05
Is it coming to 4493 again? Last time I heard this position I got trapped, is it true that this time it can rise to 4530?
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OneBlockAtATime
· 12-23 04:01
Can this barrier of 4500 be broken? It feels a bit uncertain.
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SandwichDetector
· 12-23 03:47
It's really a bit awkward that 4500 can't be broken, this gold feels like it's consolidating.
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defi_detective
· 12-23 03:40
Talking about stop loss is easy, but when the market changes face, 99% of people will fail. I've seen too many people crying after going all in.
The precious metals market has performed impressively recently, with gold showing a good layout point around 4493. From a technical perspective, 4488 is the key defensive range, and caution is needed if it falls below. Looking upwards, 4500 is the first resistance level, and if it can break through smoothly, the target price of 4530 can be monitored subsequently.
The current gold trend is increasingly linked to mainstream cryptocurrencies. The changes in liquidity of crypto assets such as Bitcoin and Ethereum often leave traces in precious metals. Especially when geopolitical policy uncertainty rises, the safe-haven attributes of gold and Bitcoin are both activated.
Remember a few basics when trading: always set a stop-loss and don't be overly optimistic; strictly control the position size for each trade and don't go all in on any one direction. No matter how good the market looks, always leave yourself an exit strategy. Wait for confirmation signals before taking action; it's better to be slow than to chase the trend at a high.