#Strategy加仓BTC Gold is once again playing the old routine today—rising sharply, pulling back, then rebounding, with the same drama repeating. It first surged to 4642, hitting the ceiling, then profit-taking flooded in, causing a sharp drop to 4581, a single wave down of over 60 points; at the low, buying interest resumed, and currently it’s hovering around 4610, which is a correction period after a high-level adjustment, with bulls and bears fighting fiercely here.
How did this wave of market movement come about? Frankly, it’s still the news that’s causing trouble. Last week, US CPI data exceeded expectations, and the market started speculating on how many more times the Federal Reserve will cut interest rates, which directly suppressed the rebound space for precious metals; then US initial jobless claims came in below expectations again, causing another sell-off; but then Middle East geopolitical tensions intensified, safe-haven funds flowed in to support the market, pulling the market out of the deep pit. News sentiment fluctuates unpredictably, and the market follows suit.
From a technical perspective, the 4580 level has held up quite well, becoming a short-term strong support. Every time it dips, it bounces back, indicating sufficient buying interest below; above, 4620 remains a tough nut to crack, having failed to break through after several attempts, becoming the biggest obstacle to upward movement; there’s also a mid-term support at 4560, acting as a transfer station during pullbacks. Today, trading is focused within this range—buy low, sell high, and wait for a confirmed breakout to follow the trend.
**Current Strategy**: Gold: Continue to look for long positions around 4580, with a stop-loss at 4570, and target 4620 and 4640 above. Silver: Go long in the 87.5-88 range, with a stop-loss at 87, and look for 92-93 after a breakout.
$ETH $SOL $BTC stay tuned, and adjust strategies accordingly when market sentiment shifts.
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.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
AirdropSkeptic
· 6h ago
Gold is stuck again at 4620 this time. It feels like a breakthrough is necessary.
View OriginalReply0
¯\_(ツ)_/¯
· 6h ago
Tired of this gold strategy, unable to break through 4620 and keep thinking about repeatedly cutting leeks.
View OriginalReply0
GasFeeTears
· 6h ago
Gold is still using the old three tricks, truly impressive
4620 is really holding firm, I've been hammered there too
It's those folks at the Federal Reserve causing all the trouble, the market's like a roller coaster
Oh my, BTC is the real deal, gold is too dependent on news sentiment
This support at 4580 has held strong, gotta give it a thumbs up
The Middle East is causing trouble again, this safe-haven rally is actually a market rescue
Just waiting for the moment when 4620 breaks
View OriginalReply0
TokenomicsShaman
· 7h ago
It's the same story again. Gold is really getting on my nerves, swinging back and forth between 4580 and 4620 every day.
View OriginalReply0
MetaEggplant
· 7h ago
This critical point at 4620 is really stuck tight; I can't break through even after several attempts, it's frustrating.
#Strategy加仓BTC Gold is once again playing the old routine today—rising sharply, pulling back, then rebounding, with the same drama repeating. It first surged to 4642, hitting the ceiling, then profit-taking flooded in, causing a sharp drop to 4581, a single wave down of over 60 points; at the low, buying interest resumed, and currently it’s hovering around 4610, which is a correction period after a high-level adjustment, with bulls and bears fighting fiercely here.
How did this wave of market movement come about? Frankly, it’s still the news that’s causing trouble. Last week, US CPI data exceeded expectations, and the market started speculating on how many more times the Federal Reserve will cut interest rates, which directly suppressed the rebound space for precious metals; then US initial jobless claims came in below expectations again, causing another sell-off; but then Middle East geopolitical tensions intensified, safe-haven funds flowed in to support the market, pulling the market out of the deep pit. News sentiment fluctuates unpredictably, and the market follows suit.
From a technical perspective, the 4580 level has held up quite well, becoming a short-term strong support. Every time it dips, it bounces back, indicating sufficient buying interest below; above, 4620 remains a tough nut to crack, having failed to break through after several attempts, becoming the biggest obstacle to upward movement; there’s also a mid-term support at 4560, acting as a transfer station during pullbacks. Today, trading is focused within this range—buy low, sell high, and wait for a confirmed breakout to follow the trend.
**Current Strategy**:
Gold: Continue to look for long positions around 4580, with a stop-loss at 4570, and target 4620 and 4640 above.
Silver: Go long in the 87.5-88 range, with a stop-loss at 87, and look for 92-93 after a breakout.
$ETH $SOL $BTC stay tuned, and adjust strategies accordingly when market sentiment shifts.