2026-01-20 00:27:26

Friends, recently the performance of gold prices has indeed attracted a lot of attention.

The risk aversion demand driven by changes in the international situation has pushed gold prices higher, repeatedly hitting record highs. However, from yesterday's trading session, after reaching 4690, the price has not broken through further and instead fluctuated around this level, appearing somewhat weak. This indicates that 4690 has become a relatively clear short-term resistance level.

In this situation, blindly chasing the rally is obviously not very wise. If today can gap up and break through strongly to stay above 4690, then a bullish outlook can be maintained. But if such strong performance is not observed, it might be better to treat 4690 as a defensive line and consider shorting opportunities in the opposite direction. Looking downward, support levels to watch are 4660, 4655, and 4640.

The market is always testing our patience; blindly chasing the trend is less effective than waiting for clear signals.

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GasSavingMaster

· 2h ago

4690 is really stuck at this level, I've been trapped here too, a bit annoying. --- Waiting for a signal? I'm the impatient type, I already got in early haha. --- Feels like every day is testing patience, my patience has long been exhausted. --- There are plenty of support levels, the key is whether we can hold them. --- Chasing the rally is the fastest way to get burned, I’ve learned my lesson this time. --- See you at 4660, there’s still room below. --- If this wave breaks above 4690, it will really take off, but the difficulty... --- Waiting for a signal again, when will there be a signal? It’s driving me crazy. --- I should have cut my position at 4690 yesterday, now it’s too late to regret. --- Gold prices are so volatile, might as well play something else.

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ArbitrageBot

· 4h ago

4690 this hurdle is indeed tight, you need to think carefully about where to set your stop-loss before chasing in --- It's the same old story, waiting for a signal, I just want to know when the real signal will come --- Short at 4660? I think it's risky, this round of risk aversion won't end so quickly --- Consolidation is just torture, if it can't break above 4690, it will drop down, I'm already tired of it --- Sincere advice, stop looking at these numbers, focus on the fundamentals --- I just want to ask, how many more gains can gold make before this wave peaks? --- If you can't set your stop-loss well, even the best position will end up losing money --- Contrarian trading always sounds easy, but when it comes to actual operation, I can't even hold the knife steadily --- Above 4690 is dead, below is alive, it's the other way around --- This analysis looks professional, but it feels like just a sidekick, the real money-makers have already left

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CompoundPersonality

· 4h ago

4690 this hurdle needs to be waited for, don't rush to get on the bus, brother --- It's another test of patience, this time I choose to wait for the signal --- The pressure position is set here, let's see how to break through --- Instead of chasing the rise, it's better to hold the support level and see if there's an opportunity --- Gold prices are a bit weak this wave, let's see if it can turn around today --- If 4690 can't be broken through, the following levels are indeed worth paying attention to --- Blindly chasing the trend really容易吃亏, this time we still need to see a strong breakout --- What does this situation with gold prices indicate? The chasing traders should wake up again, right? --- There are so many support levels, no need to rush, just be patient and wait

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SoliditySlayer

· 4h ago

4690 this hurdle still depends on whether we can break through today, feels a bit uncertain --- Same old story, waiting for signals to come for ages --- Last time I was so stuck in position, it took a long time to move, but this time I feel there's not enough momentum --- I just want to know if it will drop to 4640, then that will be the real opportunity --- Blindly chasing the trend is indeed stupid, but waiting too long can also lead to being hit from the opposite side --- The resistance level is so clear, the bears should be ecstatic --- The recent movement of gold is a bit strange, I feel like it's gathering strength for something --- 4690 will definitely break, just a matter of time. It's not too late to get in now

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FlashLoanLarry

· 5h ago

4690's basically the liquidity sink everyone's eyeing... classic resistance trap honestly. watched this play out too many times—capital efficiency goes negative the moment you chase it. patience > fomo, thesis validation comes later not sooner.

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GasFeeCryBaby

· 5h ago

4690 is a tough barrier to break through; chasing the high easily invites a slap in the face. --- Wait, is the resistance level really that strong? It feels like it could break at any time. --- Oh no, if it retraces to 4660, I want to get in; the cheap goods are coming. --- It's that old story of waiting for signals again. Honestly, it's still uncertain. --- Gold prices are showing some signs of weakness this wave; there might be a period of consolidation. --- Opportunity to short? You guys are really daring. These days, shorting gold easily gets you trapped. --- If 4690 can't be broken down, then we should keep looking for bullish signals. It's that simple. --- Support levels are marked in bunches, but how many can actually hold if it drops? That's a question mark.

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