2026-01-05 01:25:34

The technical outlook for gold has reached a critical point. From the daily chart, the MACD death cross is weakening, and both the KDJ and RSI have pulled back from overbought levels, indicating that bullish momentum is building. Gold is currently consolidating at higher levels, with a head and shoulders bottom pattern gradually forming, and the neckline around 4400-4410. However, the key support level that will determine the future trend is at 4300—holding this level is crucial for the bulls.

In the near term, it is likely to fluctuate between 4300 and 4380, with daily volatility expected to be around 50-80 points. If the geopolitical tensions in Venezuela continue to escalate, gold may break through 4400 and push towards the 4450-4500 range.

In terms of trading strategy, consider accumulating long positions in the 4280-4305 zone, with the first target at 4350-4400. If the price breaks through, continue holding the position to let profits run. The key is to maintain the 4300 support level.

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LayerZeroHero

· 01-06 12:42

4300 can't hold, this time I have to cut losses again, gold is just like this.

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BoredWatcher

· 01-06 02:44

Is 4300 really such a sacred threshold? It feels like every time people are talking about守底线... --- Another head and shoulders bottom, another break of support to hold positions. How many times have I heard this explanation haha --- Geopolitical tensions heat up, gold rises. I believe in this logic... --- A fluctuation of 50 to 80 points, it seems like the fees will have to be absorbed too --- Scaling into long positions sounds reliable, but I’m worried that the 4300 bottom might just be a facade --- Every time they talk about守4300, it’s been broken a few times, yet they keep emphasizing it? --- The target of 4450-4500 feels a bit虚, let’s first see if 4350 is稳不稳

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FarmToRiches

· 01-05 01:55

If we can't hold 4300, let's admit defeat and stop dithering.

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ChainMelonWatcher