#数字资产市场动态 December 29 Midnight Gold Price Review: After reaching a historic high of approximately $4550, gold prices have shown signs of stagnation, with an obvious downward channel structure forming on the hourly chart.

The RSI indicator is at an extremely high level not seen since 1980, which is a noteworthy signal. Both daily and weekly charts show signs of potential bearish divergence, and the key level of $4550 has been repeatedly tested but remains unbroken, increasing the likelihood of a technical correction.

From a macro perspective, the Federal Reserve sent a clear signal in December—interest rate cuts in 2026 will slow down. Market expectations for the number of rate cuts have been adjusted from previously anticipated more cuts to around 2, with timing also pushed back accordingly. If subsequent US economic data remains strong, the dollar and US Treasury yields are likely to rebound, which will exert downward pressure on gold prices.

From a trading standpoint, I personally prefer to mainly short at high levels. Specifically, it is recommended to initiate short positions in the $4560-$4570 range, with a stop-loss at $4580. The targets below are sequentially $4400, $4480, $4460, and $4420, and each target can be adjusted freely based on risk-reward considerations. $BTC