2026-01-19 22:50:23

#美国核心物价涨幅不及市场预估 Gold Market Observation｜High-Level Accumulation, Bulls and Bears Tug-of-War Stage

Consolidation after a strong breakout is often not a sign of hesitation, but rather large funds selecting chips to follow the trend.

**How the Market Moves**

Looking at the 30-minute chart, yesterday's gold price surged directly to around 4690 in the early session, then reversed with a V-shape. This move gave the bulls a confidence boost. After the surge, the price didn't continue to gain momentum but instead oscillated between 4653 and 4690, indicating a slowdown in rhythm. However, the support at the bottom remains intact and hasn't moved downward.

**Technical Perspective**

The current market essentially reflects a correction after a rapid rally. The upward momentum from earlier has been largely released, and in the short term, oscillation is needed to digest floating profits. Structurally, the price is steadily operating within the bullish zone, with controlled declines, indicating that funds are not panicking and fleeing. Both bulls and bears are accumulating strength for the next move.

From a technical position, 4650 is a recent strong support level. Holding this line keeps the bullish structure intact. The zone between 4680 and 4690 is a dense resistance area. Whether it can be effectively broken through will directly determine the strength of the subsequent trend.

**Trading Ideas and Key Levels**

At this stage, a range strategy is recommended.

If gold stabilizes between 4650 and 4660, consider going long with the trend, placing stops below 4640. Initially, look at 4680 on the upside. If a clear breakout occurs, there is room to push towards 4730.

Conversely, if the rebound encounters significant resistance between 4680 and 4690, short-term short positions can be tried, with stops above 4700. Watch the 4660 line for support; if broken, pay attention to whether the 4600 level can hold.

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*This article is for technical analysis and trading ideas only and does not constitute any investment advice. The precious metals market is volatile; please strictly implement risk management in actual operations.*

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MergeConflict

· 7h ago

4650 holds steady, 4690 can't be broken, so we still have to wait.

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MoneyBurnerSociety

· 7h ago

4650 is again a strong support level. I bet five dollars that it won't hold this time either. Range strategy, to put it nicely, is actually just betting on the right direction. There's room for both bulls and bears again. After this analysis, I still don't know what to do. I've seen this routine with gold before—sideways movement is just collecting leek chips, and when it crashes down, everyone will be caught off guard. 4730? I see further ahead, directly looking towards 4000. These critical levels are as numerous as teeth, and in the end, it's still people like us who lose out.

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TrustlessMaximalist