2026-01-16 00:22:31

Gold has been hitting new highs recently, and the market has been quite interesting these past couple of days. The price has been fluctuating between 4580 and 4620, with a clear rhythm of correction. The daily K-line shows three consecutive doji stars, indicating intense tug-of-war between the bulls and bears, with neither side willing to give in.

From a technical perspective, the 4650 resistance level is quite evident and needs to be broken for further upward movement. In short-term trading, 4640 can be considered as a resistance level, while 4580 serves as support below. The 4650 level remains a tough nut to crack.

In this wave of market activity, the sentiment at the top is still relatively strong, and the overall outlook favors a bullish approach. It is recommended to consider entering long positions around 4580 to 4600, aiming to exit near profit targets around 4620 to 4640. Only after a breakout can the outlook be extended further.

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BearMarketLightning

· 01-16 10:04

The 4650 barrier is really holding strong; it seems the bulls still lack momentum.

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OvertimeSquid

· 01-16 00:49

This level at 4650 is really firmly stuck. I think the bulls will need to grind a bit longer.

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TokenSleuth

· 01-16 00:44

4650 if it can't break, don't even think about it, this wave of gold's volatility is really annoying --- Three consecutive doji stars? Bulls and bears are deadlocked here, it's a bit interesting --- You can set up long positions, but don't be greedy at 4640, it's easy to get trapped --- The tough nut at 4650, I bet it will take another two or three days to break --- This market is a typical range-bound fluctuation, a nightmare for short-term traders --- The bullish sentiment is strong, but I'm still cautious, wait for a breakout to decide --- Entering longs between 4580 and 4600? Seems like we should wait and see --- Tough nuts to crack just mean it can't break yet, why be so formal about it --- This wave of gold is really testing patience, whoever gives up first loses money

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MetaEggplant

· 01-16 00:44

Still fluctuating between 4580-4620. When will it break 4650? This back and forth is getting a bit annoying.

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AlwaysMissingTops

· 01-16 00:39

This level at 4650 is indeed a bit tough. I also saw the three consecutive doji stars, and both bulls and bears are stubbornly fighting it out.

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