2026-01-19 23:21:40

Gold prices have indeed surged sharply, reaching a new high of 4690. However, the recent performance over the past couple of days is quite interesting—after spiking up, it has been oscillating around this level without breaking through further. It seems that 4690 is facing some resistance.

Everyone is clear about the logic behind the recent strength in gold—under the influence of international geopolitical tensions, safe-haven demand has increased, driving gold prices higher step by step. But now the question is, is this upward momentum starting to weaken?

From a technical perspective, rather than blindly chasing long positions, it might be better to wait and see. If today can open with a gap up and firmly stay above and hold 4690, then it would be worth continuing to look for bullish opportunities. Otherwise, before a clear breakout occurs at this level, it might be better to consider a short-term bearish approach. The support levels to watch are first at 4660 and 4653, then around 4640. The short-term oscillation within this range presents both risks and opportunities.

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SatoshiNotNakamoto

· 6h ago

4690 has been stuck for so long, I feel like the main force is just shaking out the weak hands. Don't rush to buy in.

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blockBoy

· 17h ago

4690 is a tough barrier, I bet it won't break today --- The demand for safe-haven assets is hot, but how long can the heat last? That's the real question --- The short-selling opportunity is here, don't chase the high, brothers --- There is support below 4660, the decline isn't that exaggerated --- Making money in a range is the hardest, better wait for a breakout signal --- Feels like gold prices are a bit inflated, lacking momentum --- If it can't break above 4690, it's bearish, plain and simple --- With the international situation so unstable, can gold still fall? I doubt it --- Repeated oscillations are so annoying, might as well go short and give it a try --- Can 4640 really hold up?

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DeFiDoctor

· 19h ago

4690 is stuck, this is a typical sign of exhaustion—The medical record shows that gold prices are fluctuating at high levels, liquidity indicators are beginning to weaken, and the "effect" of safe-haven demand seems to be fading. Instead of blindly chasing the rise, it’s better to observe whether there can be an effective breakthrough today; otherwise, this could be a false breakout. Mark the support levels at 4660, 4653, and 4640 below. In the short term, risks and opportunities coexist, but it’s better to wait and see first, and not rush to open long positions.

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ProtocolRebel

· 19h ago

4690 points for so long, the momentum is indeed a bit weak. I lean towards bearish breakdown.

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LightningAllInHero

· 19h ago

4690 has been stuck for so long, and the bearish signals are becoming more and more obvious. Those who chased the high and got caught might have to wait a bit longer.

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ContractCollector

· 19h ago

4690 this hurdle is indeed tough, feeling like I can't break through it Is a short-selling opportunity coming? I think it depends on whether we can truly break through today, otherwise it's safer to stay on the sidelines Don't break the support at 4660; once it breaks, we might need to explore lower levels This round of safe-haven trading has gotten a bit overdone, the momentum is indeed in a declining rhythm Rather than chasing highs, it's better to wait for a clear signal; don't get trapped yourself

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LiquidatedAgain

· 19h ago

4690 repeatedly dumps the market, are we about to start the liquidation game again? I'm all too familiar with this routine. Once again, they're trying to harvest profits here. The risks and opportunities are just traps for liquidation. They keep talking about support every day, but when the price really drops and the borrowing rate spikes, I’ll have to add to my position... a bloody lesson. Looking at levels like 4660, 4653, I just want to laugh. The last time I bottomed out, I was liquidated in this way. Is the momentum exhausted? It's more like they’re诱空 (诱空 means "baiting short-sellers"), anyway, I’m scared. I’ll wait until it drops below 4640 before taking action. Mindless chasing longs is foolish; mindless shorting will also get you liquidated. This position is truly a gamble where risks and opportunities each take 50%. If 4690 can't hold, below that is probably another round of leveraged fools' feast.

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DefiVeteran

· 19h ago

4690 is indeed a tough level, causing frustration and volatility.

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