#比特币对比代币化黄金 Last Friday, that surge in gold ultimately didn’t hold, with the night session plunging directly to $4,192. After a spike of more than $70, profit-taking happened way too fast—a classic inverted V-shaped reversal.
The main event this week is on Thursday—the Fed interest rate decision, along with a slew of economic data releases. Bulls and bears are likely to fight it out until the very last moment. In the short term, gold prices are highly likely to continue seesawing within this range.
On the technical side, to be practical: the 5-wave rally is basically done, and we’re entering a consolidation phase. Although the major trend has paused for now, there’s still room for swing trades. For the pullback starting from the $4,259 high, keep a close eye on the first support level around $4,150.
There’s one signal you must watch for—if a “Evening Star” pattern truly forms, combined with a weekly bearish divergence, this correction may not be shallow. Be prepared for a deeper pullback.
Practical strategy: You can try a light long position in the $4,190–4,180 range, targeting resistance at $4,230–4,260. If there’s a failed breakout above with heavy volume, consider switching to a short position, but remember to control your position size. $BTC $XRP
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PaperHandSister
· 12h ago
Reverse V just looks good visually, but real money is still gone.
This wave of gold still depends on the Fed's stance; whether 4150 can hold or not remains to be seen.
I don't believe in the Evening Star pattern, last time I said that it shot up immediately.
Entering a long position at 4190? Feels like a sign of being trapped.
Short-term will continue to fluctuate, I’m just waiting for a confirmed direction and don’t want to deal with these fancy technicals.
We'll know by this Thursday who wins between bulls and bears. It's not too late to jump in then.
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ForkTongue
· 17h ago
A V-shaped recovery is really awesome, just waiting for the Federal Reserve to cause some trouble on Thursday.
Evening Star? Not that simple, feels like it still needs to fall further.
Keep a close eye on the 4150 level; only believe it if it's broken.
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SellLowExpert
· 20h ago
I am tired of playing with this kind of routine, gold is this virtue, and the rhythm of cutting leeks is too familiar
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SigmaValidator
· 12-08 02:21
The inverted V perfectly illustrates the cruelty of profit-taking. Now we wait for the Fed to stir things up on Thursday.
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AirdropHunterWang
· 12-08 02:18
I've seen this inverted V pattern many times. You really need to keep a close eye on that Evening Star area. If the 4150 support breaks, you have to get out.
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fren_with_benefits
· 12-08 02:12
Gold is playing the same trick again, ending with an inverted V, which is honestly a bit disgusting. The profit-takers are fleeing at the drop of a hat. I think the Fed's move on Thursday will be a matter of life and death. Holding coins now is just a gamble.
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BearMarketLightning
· 12-08 01:57
Tired of seeing the same inverted V pattern; now we have to wait for the Fed on Thursday to set the tone again.
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ContractBugHunter
· 12-08 01:56
The inverted V-shaped pattern is getting old; now we have to wait for the Fed on Thursday to decide the fate of gold prices.
An evening star with bearish divergence—this time we really need to be cautious. Just don't let it break below 4150 and we're good.
It's okay to try a small long position, just worried it might be another false breakout.
We'll know the result on Thursday; that's when the real action will come.
This back-and-forth in the current range is really boring.
#比特币对比代币化黄金 Last Friday, that surge in gold ultimately didn’t hold, with the night session plunging directly to $4,192. After a spike of more than $70, profit-taking happened way too fast—a classic inverted V-shaped reversal.
The main event this week is on Thursday—the Fed interest rate decision, along with a slew of economic data releases. Bulls and bears are likely to fight it out until the very last moment. In the short term, gold prices are highly likely to continue seesawing within this range.
On the technical side, to be practical: the 5-wave rally is basically done, and we’re entering a consolidation phase. Although the major trend has paused for now, there’s still room for swing trades. For the pullback starting from the $4,259 high, keep a close eye on the first support level around $4,150.
There’s one signal you must watch for—if a “Evening Star” pattern truly forms, combined with a weekly bearish divergence, this correction may not be shallow. Be prepared for a deeper pullback.
Practical strategy: You can try a light long position in the $4,190–4,180 range, targeting resistance at $4,230–4,260. If there’s a failed breakout above with heavy volume, consider switching to a short position, but remember to control your position size. $BTC $XRP