2026-01-08 04:24:27

Spot gold looks a bit weak today. After opening near the resistance level at 4475, it was held back briefly, surged to 4466.39, then started to decline. Currently, it is fluctuating narrowly around 4440, with an overall weak momentum.

From a fundamental perspective, there is no major data today, and market sentiment is cautious. The US dollar index has stabilized, and US stocks have rebounded slightly. This combination has reduced gold's safe-haven appeal, and the upside potential is suppressed.

Technically, on the 5-minute chart, after hitting resistance at 4475, the price pulled back. It is now in the process of finding a bottom. The previous support at 4425 is a strong support zone, and if it is broken, the key level to watch is 4400. To the upside, a rebound first needs to break through 4455; if it does, there is a chance to push further towards 4475.

Trading strategy can follow a range-bound approach: monitor whether support at 4425-4400 is truly effective, and whether resistance at 4455-4475 can be broken. Consider going long near support levels and trying short positions near resistance levels, but be sure to set stop-loss orders. If key levels are broken, adjust positions flexibly.

Reminder: this is just market observation, risk is self-managed. Managing your own risk is the most important.

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SatoshiSherpa

· 7h ago

Gold is starting to weaken again, it's hard to watch. If 4425 can't hold, then we'll have to see if 4400 can save the day. This round of market movement isn't driven by any major events. The rebound of the US dollar has firmly suppressed gold's rise. If 4455 can't be突破, don't even think about it; still look for support at the bottom. Why take such a big risk on short positions? I'll wait for a better opportunity. The momentum is too weak; it feels like the bottom hasn't been truly confirmed yet.

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MEVSandwichMaker

· 01-08 14:02

Once again falling but unable to break the bottom, gold's current momentum is really disappointing.

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PumpDoctrine

· 01-08 04:50

Gold is still dithering there, once the dollar stabilizes, there's nothing to do Whether 4425 breaks or not will determine how the rest plays out, I bet it can hold Short positions are dangerous, in this kind of directionless market, stop-losses must be tight The recent rebound in US stocks has indeed suppressed gold; only when it crashes again will there be a chance Range-bound fluctuations are the most annoying, can't make any money

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BearMarketLightning

· 01-08 04:41

Gold is starting to let us down again; this rhythm really can't be sustained. Breaking 4425 would be a big risk; I’d better stay cautious. The dollar is acting up again, and gold's safe-haven attribute is weak today. Range-bound oscillation continues; stop-losses must be well-placed, or it could be a bloodbath. The resistance level at 4475 feels unbreakable, and the rebound is weak.

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NFTBlackHole

· 01-08 04:28

Gold this wave is a bit disappointing, stuck at 4475 --- As US stocks rebound, gold loses momentum; turns out we still have to watch the dollar's performance --- Breaking 4425 is really the key; it feels like the downside space is a bit uncertain --- Haven asset properties are being suppressed, it's uncomfortable --- Range trading sounds easy but is extremely difficult to execute; it's always easy to get caught on the wrong side --- This bottom-finding process might not be complete yet, continue to observe --- The dollar is acting up again, gold is always under its control --- Can 4400 hold? It doesn't seem very likely --- Stop-loss was set too tight and got triggered; set too loose and it’s too costly, really a dilemma

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