This morning, gold briefly surged to 4466 before turning back, dropping to a low of 4433. Currently, it is oscillating between 4440 and 4450. The 4450 level was broken through and then pulled back, a typical sign of both bulls and bears fighting it out here.
What are the recent market drivers? Several hawkish signals were sent by Fed voting members early in the session. They indicated that inflation is not coming down as quickly as expected, which dampened market expectations for rate cuts. The US dollar index has been climbing steadily, and gold was directly pushed down. However, the geopolitical developments in the Middle East have introduced new dynamics, providing strong support for gold. After the sharp decline, buying interest has re-entered, preventing a one-sided downward move.
In the short term, gold is trading within the 4430-4470 range. Resistance at 4463-4470 is holding firmly, while the 4430-4440 zone can support the price. This afternoon, focus on two main directions: one, whether the Middle East situation will continue to worsen and escalate—if it does, safe-haven funds are likely to push gold back above 4460; and two, whether the US dollar can continue to strengthen. If hawkish Fed signals remain strong, gold may test the 4430 support level again.
How to operate specifically? Consider going long on gold around 4440-4445. If it retraces to 4428-4434, add to long positions, with a stop-loss at 4420. Targets are initially set at 4465, then 4474, and finally 4490. When these resistance levels are reached, be prepared to take profits.
Market conditions are highly unpredictable, so trading strategies must be adjusted based on real-time news and market movements. Staying updated will be more helpful. Most importantly, don’t panic and chase the market recklessly; maintaining rational trading is the key.
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TradingNightmare
· 01-11 00:24
Once again, the Federal Reserve is causing trouble, and gold is being hammered hard.
If there really is a conflict in the Middle East, it will be unprecedented. It will depend on who is more dominant at that time.
Go long between 4440-4445, I feel this wave can reach 4465, don't chase highs blindly.
The dollar's strength is nothing special; it should fall eventually. Be patient and wait.
Remember to set your stop-loss at 4420, no reckless moves.
490 might be a dream, don't think too far ahead for now.
There are truly many variables; keep an eye on the news at all times, not a second can be relaxed.
Don't kill recklessly, be rational. This is the way to survive.
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ApeWithNoChain
· 01-10 19:58
It's another case of the Federal Reserve signaling hawkishness and crashing gold, while the Middle East moves and buyers step in. I'm really impressed by this rhythm.
The 4450 level must be held; otherwise, it will head straight to 4430.
Waiting to see if the Middle East will continue to stir up trouble this afternoon—that's the real variable.
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GasFeeLover
· 01-10 05:44
4450 is really a tough resistance level to break, any trouble in the Middle East could save gold.
The Federal Reserve's hawkish stance is really aggressive; the dollar is pushed up hard, and gold has to kneel.
4465 is the real pressure; if it doesn't break through suddenly, we still have to wait for the next wave of news.
Now, just hold the range of 4440-4445; add to positions on dips, and don't be too greedy with stop-losses.
If the Middle East situation escalates, safe-haven trading could push the gold price back to 4460 at any minute.
If the Federal Reserve continues to stay hawkish, gold might test 4430 again; nobody can handle this kind of volatility.
4490 is a bit far away; it might have to wait until the Year of the Monkey or the Year of the Horse. First, get 4474 sorted out.
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Deconstructionist
· 01-08 13:33
Gold's recent performance has indeed been tough. Middle Eastern turmoil again hits the dollar hard, really causing trouble.
Sometimes it's hawkish, sometimes it's geopolitical risk; the 4450 level has been repeatedly battered, which is exhausting to watch.
A 4420 stop-loss feels a bit tight; if Middle Eastern issues escalate further, it could break.
The Fed folks really know how to stir things up; inflation hasn't decreased, yet the data keeps coming in.
Let's wait until the 4430 support truly can't hold, then decide. Entering now might be more likely to get hammered.
It's caught between 4465 and 4474; short-term just watch for some excitement.
The hardest part right now isn't the technicals but the psychology—don't get scared out.
If Middle Eastern tensions escalate, there could be an upward move, but the strong dollar makes it difficult.
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TokenTaxonomist
· 01-08 04:58
tbh the resistance breakdown at 4450 is textbook—data suggests fed hawkishness is literally crushing the bullish thesis rn. but middle east geopolitical escalation creating this messy equilibrium? statistically speaking, that's your classic risk-on vs risk-off deadlock taxonomy nobody seems to categorize properly.
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ReverseFOMOguy
· 01-08 04:55
The Federal Reserve is loudly hawkish, the Middle East is causing trouble again, and gold is being torn apart, fluctuating back and forth.
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The 4450 level is really blocked tightly, neither bulls nor bears want to give in.
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What’s so strong about the US dollar? Safe-haven sentiment can’t be completely suppressed either. This market is just messing around.
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I feel like, compared to watching the data, paying attention to the news is more important. There are too many variables, which is really a bit annoying.
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This trading idea is good, but the stop-loss at 4420 must be well protected, don’t get fooled out.
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If the Middle East situation escalates, can gold rebound this much? That’s a bit exaggerated, let’s see how it goes.
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Buying the dip again and clearing out positions again, it sounds easy, but can you really stay so calm when actually trading?
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The index keeps pushing up, and gold can still hold at 4430, indicating that someone is indeed buying in.
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I’m optimistic about the follow-up, but this rhythm is really hard to grasp. If the market reverses again this afternoon, it’s game over.
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Rational trading sounds good in theory, but if you get caught, who wouldn’t panic? The key is luck.
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RugResistant
· 01-08 04:50
ngl the fed's hawkish signals are a red flag... diggin into this 4450 resistance and geopolitical tension mix feels like watching for a pump trap tbh. volatility's all over the place rn, need to verify if those support levels actually hold before anyone yolос into buys. dyor obv but the fundamentals here need further investigation fr
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SandwichDetector
· 01-08 04:42
Gold has been really exhausting this wave, bouncing between 4450 up and down, with hawkish and geopolitical disputes.
If the Middle East truly escalates, gold prices might skyrocket.
With the US dollar so strong, the 4430 support might not hold.
If you go long at 4440, you need to keep your mindset steady and not get shaken out.
Setting the stop-loss at 4490 is indeed safer, just worried you might be reluctant to sell.
I think it's better to wait for the geopolitical dust to settle before taking action in this wave.
What is the Federal Reserve up to again? Is the rate cut expectation really fading? It’s uncomfortable.
View OriginalReply0
CryptoGoldmine
· 01-08 04:39
4440-4445 this level is indeed interesting, with the strength of the US dollar and the hedging demand for risk aversion. From a data perspective, ROI is still there.
This round of operation has a clear logic, and the key is how long the hawkish tone from the Federal Reserve can last.
The idea of pulling back to 4428 for re-entry is good, with a tight stop-loss at 4420, making the risk controllable.
The real test will come in the second half; once the Middle East situation heats up, the inflow of risk-averse funds will accelerate rapidly.
Don't fear volatility; this wide-range fluctuation zone is actually an opportunity for strategic positioning.
View OriginalReply0
ResearchChadButBroke
· 01-08 04:37
4450 level is still a tug-of-war. When the Federal Reserve adopts a hawkish stance, gold drops immediately, but the Middle East side is still providing support. This show is really quite complicated.
The 4430-4470 range keeps bouncing back and forth. It's better to wait and see before taking action; there are too many uncertainties.
If the strength of the US dollar continues like this, gold might have to test 4430. Set your stop-loss properly to avoid being smashed.
Is there more entry at 4440? It feels like we need to watch how the Middle East situation develops. Safe-haven funds will change the game once they start flowing in.
With such strong hawkish signals, how can gold rebound? If it weren’t for the geopolitical situation providing support, it would have broken below the floor long ago.
This morning, gold briefly surged to 4466 before turning back, dropping to a low of 4433. Currently, it is oscillating between 4440 and 4450. The 4450 level was broken through and then pulled back, a typical sign of both bulls and bears fighting it out here.
What are the recent market drivers? Several hawkish signals were sent by Fed voting members early in the session. They indicated that inflation is not coming down as quickly as expected, which dampened market expectations for rate cuts. The US dollar index has been climbing steadily, and gold was directly pushed down. However, the geopolitical developments in the Middle East have introduced new dynamics, providing strong support for gold. After the sharp decline, buying interest has re-entered, preventing a one-sided downward move.
In the short term, gold is trading within the 4430-4470 range. Resistance at 4463-4470 is holding firmly, while the 4430-4440 zone can support the price. This afternoon, focus on two main directions: one, whether the Middle East situation will continue to worsen and escalate—if it does, safe-haven funds are likely to push gold back above 4460; and two, whether the US dollar can continue to strengthen. If hawkish Fed signals remain strong, gold may test the 4430 support level again.
How to operate specifically? Consider going long on gold around 4440-4445. If it retraces to 4428-4434, add to long positions, with a stop-loss at 4420. Targets are initially set at 4465, then 4474, and finally 4490. When these resistance levels are reached, be prepared to take profits.
Market conditions are highly unpredictable, so trading strategies must be adjusted based on real-time news and market movements. Staying updated will be more helpful. Most importantly, don’t panic and chase the market recklessly; maintaining rational trading is the key.