2026-01-02 11:25:57

The gold price movement these days has been quite interesting. It has been rising steadily since the opening, with almost no pullback during the Asian session. In the afternoon, supported by the 4370 USD/ounce level, it directly surged upward, and now the quote is 4383 USD/ounce.

However, there's something to watch out for—the 4400 USD round number is ahead. From a technical perspective, this rebound is temporarily characterized as a small-scale oscillation rebound. Whether it signifies a true trend reversal depends on how the subsequent development unfolds.

On the technical indicators side, the 2-hour RSI has already moved above the overbought line. The bullish momentum is marginally improving and hasn't entered the overbought zone yet, so there is still room for short-term upward movement.

Key levels to watch:
Support below: 4365 / 4349 / 4320 USD/ounce
Resistance above: 4402 / 4431 / 4478 USD/ounce

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BearMarketSunriser

· 3h ago

Can the 4400 barrier really be broken? It feels like gold has been struggling here recently. Honestly, even if the RSI rises, it doesn't necessarily mean anything. The rebound has been stopped three times. The bullish momentum is improving, but I think it's just a short-term shakeout. If 4365 can't hold, just run.

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EyeOfTheTokenStorm

· 9h ago

Can we break through the 4400 threshold this time? Honestly, it still depends on the Federal Reserve's stance. The RSI rebound is so quick that it feels a bit fake. Wait, if the 4365 line can't hold, we need to exit quickly. Historical data shows that integer thresholds are often good places for the main players to shake out positions. Don't be fooled by the surface prosperity. The current trend reminds me of the wave in 2023, when it also surged to the threshold in one go, and then... you know what happened. From a macro cycle perspective, this rebound in gold prices might just be a fluctuation during the bottoming process, not a true trend reversal. The current price of 4383 is actually a good position for short-term trading. You can try to target 4402, but don't be greedy.

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bridge_anxiety

· 9h ago

This wave of gold is boring, it feels like 4400 can't be stopped, just go straight to 4431 RSI has moved back above, but that's not enough; to see a real reversal, it needs to break 4400 to count This rebound feels like a trap, waiting for a dip to 4320 Holding at 4383 is good enough, don't be too optimistic Bullish momentum improving? Haha, I've seen this kind of fluctuation a few times, and in the end, it still falls back down

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AirdropFreedom

· 9h ago

4400 is really a psychological threshold. It feels like breaking through will take some effort. This rebound is indeed interesting, but I don't know how far it can go. When RSI returns above the overbought/oversold line, I want to call a reversal, but it's still too early. I'm just waiting to see if 4402 can be taken down; if it breaks, then it's a real issue. There is short-term room, but don't be too greedy. It just feels like a consolidation.

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DeFi_Dad_Jokes

· 9h ago

Gold is really testing this time; the 4400 level feels a bit precarious. Wait, wait, RSI is rising so quickly? Need to watch out for a reversal. The support at 4370 is indeed strong, but I still don't quite believe it will directly break 4431. Whether it's a small rebound or a trend reversal, honestly, I need to see more before making a judgment. The lack of a pullback during the Asian session is a bit strange; I have a feeling a big move is coming.

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GasWaster

· 9h ago

Will the 4400 level really be a watershed? It feels like I keep getting stuck here every time. This wave of gold's rebound is quite strong, but I still feel like something's missing. RSI has just returned to the overbought/oversold line. Can this momentum really push through 4400? Wait, let's try breaking 4402; otherwise, it's still a oscillation game. Whether this round can reverse depends on whether it can hold steady above 4431; otherwise, it's all just a fake-out. The support levels are so dense, indicating strong backing below, but the pressure above is not small.

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