2026-01-20 02:22:48

Gold has been hovering at high levels these past two days. Yesterday during the Asian session, it surged to the 4700 level but was blocked. In the evening, due to the US stock market being closed, it entered a narrow range of consolidation, overall maintaining a high-level oscillation pattern.

From the 4-hour K-line, this week's gold price formed a large bullish candlestick, directly opening up upward space. Although it left many upper shadows after the surge, the pullback was actually weak, indicating that the bulls still have strong momentum. Currently, shorting seems less appropriate.

Strategically, you can look for long opportunities in the 4635 to 4628 range, with the upper target continuing to see if the 4700 level can be broken.

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MetaverseVagabond

· 11h ago

4700 has been hit again. Are the bulls really that strong? I don’t believe it. --- Low buy-in at 4635? I think I’ll wait and see; it doesn’t seem that simple. --- Range-bound oscillation is just accumulation; don’t be fooled into buying in, friends. --- Is breaking through 4700 difficult? Tried several times and failed each time. --- This upward space is a joke; coming down will be a slap in the face. --- What strength do the bulls have? Clearly testing the top. --- I’m just watching whether 4700 can be broken; if not, it has to go down. --- Narrow-range consolidation is the most annoying. When will there be a clear direction? --- Such a long upper shadow and still claiming the bulls are strong—who are they trying to fool? --- Is there really a low-buying opportunity? It feels like a trap.

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RugResistant

· 11h ago

Gold prices are dancing around 4700 every day, really annoying. Is 4700 just a paper tiger? Can't break through? The bulls are so strong, why do they keep pulling back? I'm watching for low-buying opportunities, just afraid it's another trap. The long upper shadow looks like someone is pushing water. Entering at 4635? Need to wait for a suitable entry point. The bulls are really gaining momentum, but this level is truly a deadlock. Volatility at high levels is testing patience; whoever blinks first loses. I'm optimistic about breaking through 4700, but there's no rush. If this wave can go up, it mainly depends on how the US stocks perform when they come back.

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BasementAlchemist

· 11h ago

Gold has been repeatedly hammered around 4700, which is a bit annoying. Although the bulls are still holding on, it feels like 4700 is really a tough nut to crack. That 4635 level is definitely worth picking up, since it won't fall further anyway. If this wave can break through 4700, then I will truly believe the bulls are strong.

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ForkThisDAO

· 11h ago

4700 is really a fortress; even after two attempts, it was pushed back. The bulls still have strength, but I think we need to watch further. If it can't break through 4700 this time, I'll liquidate my position; it's frustrating. Considering a long position at a low level is indeed an option, but I'm worried it might be a false breakout. If gold price breaks 4700, then I'll consider heavy positions; for now, I'm still observing.

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AllTalkLongTrader

· 11h ago

4700 has been blocked again, the bulls still aren't that strong Entering at 4635-4628 seems good, just see if it can break through 4700 Gold has been a bit dull this wave, waiting for the US stock market to open Bullish momentum is okay, I expect it to continue upward Stuck again at 4700, so annoying Buying low within this range should be stable, target 4700 The bulls are not as strong as expected Overall still upward, continue to hold at 4700

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StrawberryIce

· 11h ago

The 4700 resistance level is so strong; if it can't break through, it will have to pull back. Are the bulls strong? I think they just lack the strength to break through. Wait, can it really hold above 4700 this time? Feels like it's about to reverse again, the old routine. The low-buy opportunity is good, just worried it might be a false breakout.

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ClassicDumpster

· 12h ago

4700 has been smashed back again, a typical false breakout. --- Are the bulls strong? I think the bulls are just trapped haha. --- Is this a low-buying opportunity? I just want to know when the real breakout will happen. --- This wave in gold feels like it's just sucking the last blood, be careful not to become a leek. --- Once the US stock market closes, no one will play anymore. Is that called strength? --- I believe 4700 can break through, but I don't believe it. --- It's the same old rhetoric, always saying the bulls are strong, but what’s the result? --- To friends who bought the dip at 4628, I mourn for you for a second.

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