Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Gold has been weakening since Wednesday and Thursday, but interestingly, no matter how much negative data hits, gold just refuses to fall below a certain level. What’s behind this? Simply put, although there is some pullback pressure, the upward trend remains resilient.
Yesterday’s Thursday movement clearly illustrates the point—every time it dips, it’s immediately pulled back up. The support zone below is incredibly strong, and this isn’t just a matter of one or two buy orders; genuine funds are defending it.
From a technical perspective, gold is currently in a correction phase. The recent two days of oscillation are actually building up strength. Once this correction is complete, a breakout to the upside is inevitable. The logic here is quite straightforward.
How to operate specifically? Consider entering within the 4580-4585 range, and if it retraces to 4570, that’s also an opportunity to add positions. The support level below is at 4565. The target is 4629, and if a breakout occurs, look towards 4640.
The key is to observe whether the correction can be smoothly completed. Once confirmed, the subsequent upward space will be quite substantial.
---
It's the same tactic of accumulating strength. Let's see if it can stabilize above 4565 first.
---
Every time it drops, it gets pulled back up. That's called trend resilience, those who understand know.
---
The target of 4629 is a bit conservative. After breaking the level, aiming for 4650 isn't excessive.
---
Is the capital defending the bottom? I think it's more about institutions absorbing positions. This adjustment is an opportunity to get in.
---
Honestly, I can't quite see this wave clearly. Wait until it breaks 4585 to confirm the buy point. Don't rush.
---
Gold's nature is like this: if it can't fall further, it means it will go up. It's not that complicated.
---
I've noted the defensive level at 4565. If it drops, add to the position. That's the plan.
---
I've heard the phrase about accumulating strength during adjustments too many times. The key is whether it can truly break the level; otherwise, it will just bounce back repeatedly.
---
With such strong support at the bottom, not buying would be a disservice to oneself. I'm waiting at 4580.
This feeling is like gathering momentum; sooner or later, it will break upward.
When it drops, it gets pulled back up. It’s clear that big players are accumulating.
You can try around 4580, but I think it’s better to wait until a break below before taking action.
Entering at 4580 feels safe, only a true profit comes after breaking 4640.
Even bad news can't create a pit; after adjustments, how can it not rise?
Don't break the 4565 support line in this wave, or the logic will be all over the place.
With such strong support, it's obvious that large orders are waiting.
Really? Every time it drops, it quickly rebounds. The rhythm is amazing.
You can enter at 4580 or wait for 4570 to add positions, it all depends on whether it can break 4629.
---
4580 is indeed an interesting level, but I feel like we need to watch a bit more
---
Every time it drops, it gets pulled back, looks like someone is defending the market
---
Breaking through 4629 is the real deal, it's too early to say anything now
---
I've heard the phrase "gathering strength" too many times, let's see if it can really break the level
---
Defense level at 4565, only believe this wave of market if it breaks
---
Sounds good, but we still need to wait for the correction to complete, don't be fooled