The turmoil in Venezuela is still stirring the market, but the heat is gradually cooling down, and the driving force is no longer as strong as before. Currently, everyone's focus is on one thing — the US non-farm payroll data this Friday at 9:30 PM. Once this data is released, the direction of the bulls and bears will be clear, and everyone is waiting for this decisive moment.
Looking at recent trends, gold surged aggressively on Monday, with a large bullish candle establishing the upward tone; yesterday, the bulls continued to push, and the price approached the 4500 level. As gold prices get closer to the historical high, the divergence between bullish and bearish positions is widening, and the tug-of-war is intense.
In the early trading session, gold faced significant selling pressure around the 4500 level, dropping 40 points right at the open, then stabilizing slightly above 4460, before continuing to grind down by more than 20 points. Currently, it is supported at the 4440 level, showing signs of a rebound.
From a trading perspective, the key is whether the 4500 level can be effectively broken and how strong the support around 4440 is. In the short term, prices are likely to fluctuate within this range. If the bulls can decisively break through 4500, there is potential for accelerated upward movement, targeting 4520-4535, and possibly even challenging a new all-time high of 4550.
Important reminder: The 4400 level is particularly critical — it marks the dividing line of this rally. If it can hold above 4400, it indicates that the bulls still hold the power, and there is a chance to push further to 4500 and new highs; if 4400 is broken, the trend may shift from strong to weak, and gold prices could gradually fall back to around 4300.
Suggested strategy: Go long between 4400-4380, add positions if it drops to 4370-4360, with targets set around 4480-4520.
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RetiredMiner
· 01-09 14:50
Non-farm data is the real bomb; it's too early to say anything now.
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If 4400 can't hold, then accept the loss. This tug-of-war isn't over yet.
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Waiting for non-farm again, this week has been really torturous.
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Is the heat in Venezuela cooling down? No one paid attention anymore; now it's all about non-farm.
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It's only interesting if the bulls can really break 4500; otherwise, it's just repeated grinding.
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There's still hope if 4440 can hold; breaking it would be troublesome.
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A new all-time high of 4550? Let's see if the bulls can stabilize above 4500 first.
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This back-and-forth range-bound movement, there's really no short-term opportunity.
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Holding at 4400 is indeed significant; once broken, the trend will change.
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The idea of adding positions sounds easy, but when actually doing it, the mentality collapses.
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PumpingCroissant
· 01-07 07:45
Non-farm data reveals the truth. Now it's a gamble whether 4400 can hold.
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Unable to break 4500 feels like a collapse is imminent. This tug-of-war has gone on for days with no result.
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Talking about new all-time highs every day, but stuck at 4500. Funny.
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The bulls are a bit weak this time. With such heavy selling pressure, can it really go up?
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Holding 4400 is the key, otherwise everything is pointless.
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Waiting for non-farm data. Anyway, anything said now is just talk.
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4440 as support is okay, at least it didn't continue to drop. That's interesting.
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The idea of adding positions sounds simple, but who dares to gamble in practice?
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Venezuela's hype is gone; now they rely on non-farm data to keep the scene alive.
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If this wave breaks 4500 and can really hit a new high, I'll eat my phone live on stream.
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DefiPlaybook
· 01-07 07:10
According to data, the significance of the 4400 level reaches an 86.3% market consensus. However, it is worth noting that once the non-farm payroll data is released, this support level may directly become invalid, so risk alerts should be well prepared.
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0xLuckbox
· 01-07 06:58
It's another day waiting for non-farm payroll data. I really enjoy this decisive feeling, it's exciting.
4400 is truly the line of life and death. If it's broken, you have to accept the loss. Whether the bulls can hold this time depends on this.
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consensus_whisperer
· 01-07 06:56
Non-farm data is the real game-changer, what are those little disturbances in Venezuela worth?
Wait, if 4400 really can't hold, we need to run quickly.
It feels like the 4500 barrier will be tough; the bulls aren't that strong.
No, why does it always get stuck at round numbers? Someone is dumping the market, right?
I'm really not confident about adding more positions; I'm afraid of losses.
By the way, can we push to the new high of 4550? It seems a bit uncertain...
I'm optimistic about this wave, but we need to keep a steady mindset.
The dividing line is just that—a dividing line. If it breaks 4400, just run. Keep it simple and straightforward.
#数字资产行情上升 Midday Market Update
The turmoil in Venezuela is still stirring the market, but the heat is gradually cooling down, and the driving force is no longer as strong as before. Currently, everyone's focus is on one thing — the US non-farm payroll data this Friday at 9:30 PM. Once this data is released, the direction of the bulls and bears will be clear, and everyone is waiting for this decisive moment.
Looking at recent trends, gold surged aggressively on Monday, with a large bullish candle establishing the upward tone; yesterday, the bulls continued to push, and the price approached the 4500 level. As gold prices get closer to the historical high, the divergence between bullish and bearish positions is widening, and the tug-of-war is intense.
In the early trading session, gold faced significant selling pressure around the 4500 level, dropping 40 points right at the open, then stabilizing slightly above 4460, before continuing to grind down by more than 20 points. Currently, it is supported at the 4440 level, showing signs of a rebound.
From a trading perspective, the key is whether the 4500 level can be effectively broken and how strong the support around 4440 is. In the short term, prices are likely to fluctuate within this range. If the bulls can decisively break through 4500, there is potential for accelerated upward movement, targeting 4520-4535, and possibly even challenging a new all-time high of 4550.
Important reminder: The 4400 level is particularly critical — it marks the dividing line of this rally. If it can hold above 4400, it indicates that the bulls still hold the power, and there is a chance to push further to 4500 and new highs; if 4400 is broken, the trend may shift from strong to weak, and gold prices could gradually fall back to around 4300.
Suggested strategy: Go long between 4400-4380, add positions if it drops to 4370-4360, with targets set around 4480-4520.