Looking at the gold trend, it broke below the 4472 level yesterday. The previous rally from 3997 should be coming to an end. The current high seems more like a correction of the previous gains, and after the correction, it still needs to find a direction.
Today's key support is at 4276. From the low of 4302, there doesn't seem to be a particularly strong impulsive wave, so the bottom may not be fully confirmed yet. The resistance above is at 4385. If this level is broken, there is a possibility of a shift to a stronger trend.
In the short term, support and resistance will be tested around these levels. Let's observe how it develops.
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SignatureCollector
· 2h ago
Starting to analyze these levels again, repeatedly confirming support and resistance. So boring.
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GweiWatcher
· 2h ago
Starting to drift sideways and slack off again, the temperament of gold really is frustrating.
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DegenMcsleepless
· 2h ago
It seems like this wave of gold still needs to be shaken out; if 4276 can't be broken, there's really no bottom.
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zkNoob
· 2h ago
It dropped again, and 4472 couldn't hold. I'm afraid this rally has truly come to an end.
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MetaverseMigrant
· 2h ago
This wave of gold correction is a bit annoying, just waiting to see if 4276 can hold.
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BridgeJumper
· 2h ago
This wave of gold correction really doesn't mean much; let's wait until it breaks below 4385.
Looking at the gold trend, it broke below the 4472 level yesterday. The previous rally from 3997 should be coming to an end. The current high seems more like a correction of the previous gains, and after the correction, it still needs to find a direction.
Today's key support is at 4276. From the low of 4302, there doesn't seem to be a particularly strong impulsive wave, so the bottom may not be fully confirmed yet. The resistance above is at 4385. If this level is broken, there is a possibility of a shift to a stronger trend.
In the short term, support and resistance will be tested around these levels. Let's observe how it develops.