Gold trend remains bullish, but avoid chasing highs next week!



From the technical perspective, Monday is expected to be volatile with a slight upward bias, and a pullback to buy on dips. However, be especially cautious on Tuesday and Wednesday: Federal Reserve minutes release + New Year's Day market closure + monthly and yearly chart closures, which may lead to increased market volatility and potential pullbacks.

Currently, gold prices are fluctuating in the 4490-4550 range, with an overall bullish bias. Trading strategies should focus on buying on dips, with additional short positions on rebounds. Key resistance levels are 4550-4560, and important support levels are 4490-4500.

It is recommended to operate with a light position, strictly set stop-losses, especially during the busy midweek event period.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)