2026-01-20 01:30:49

Yesterday, the US market was quiet during the long holiday, and gold continued to consolidate within its recent fluctuation range. The short-term direction remains unclear.

Gold prices are currently testing within the established range, and the trading strategy is relatively clear—focus on support levels below the range and look for opportunities to participate in rebounds. The key support at 4656 has been confirmed multiple times, making the defensive foundation quite solid.

There’s no need to rush into the market; patience is required to wait for a pullback to an ideal area before taking action. If gold drops to the 4656-4658 zone, consider scaling in with small positions to go long, with a stop loss safely set below 4646.

The initial target is around 4675. If the price can hold this level and break upward, keep an eye on the resistance near 4690.

Currently, the precious metals market is in a consolidation phase. It’s still unclear whether the bulls or bears will dominate, so the most important thing is to stay patient and control the pace. Wait for the market to give clear signals before following the trend.

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TradFiRefugee

· 44m ago

It's another wait and see. Really, this market trend is just tormenting people. I've looked at the 4656 support level a hundred times, but it just won't give a clear answer.

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CounterIndicator

· 5h ago

Still grinding away, I've had my eye on the 4656 hurdle for a long time, just waiting for it to come down.

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SandwichVictim

· 5h ago

Still grinding away, huh? Is this 4656 really that solid? I'm starting to get a bit aesthetically fatigued, haha.

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MoonWaterDroplets

· 6h ago

Another bottom-fishing game, how many times do I have to say to be patient and wait for the opportunity? Yet some people are still eager to buy the dip. Has 4656 been broken? --- Gold keeps testing this level repeatedly, it feels endless. When will we finally get a clear direction? --- I've heard the excuse of small positions for trying out strategies too many times. The key question is, will the retracement really hit the target? --- Stop loss at 4646, this line is a bit tight. Can it really hold? --- Trading volume is light during the long holiday. This is when it's easiest to be misled by false signals. I'll wait until Monday to decide. --- Is 4656 support so solid? It looks a bit shaky to me. --- The accumulation phase just means uncertainty. This kind of market is the most annoying. --- If you don't understand the direction, don't enter. There's nothing wrong with that statement.

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PebbleHander

· 6h ago

4656 can it really hold? Feels a bit uncertain. --- It's another accumulation phase. I'm already tired of hearing this phrase. --- Waiting for market signals? Probably waiting until gold flies to the sky. --- Trying with a small position. Easy to say. --- I just want to know if it will directly break 4646. Don't give me these ranges. --- Patience and controlling the pace. Why is it so hard to do what is said simply? --- With so much pressure at 4690, it feels like it can't be broken through. --- Entering in batches sounds stable, but a slight shake of the hand might cause all to be lost. --- When will clarity appear? If I wait any longer, my mindset will collapse.

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