2026-01-09 00:23:49

Gold's recent rebound is quite interesting. After falling below 4415 yesterday, it quickly recovered, forming a classic bottoming pin bar pattern. From a technical perspective, the bullish momentum has indeed been ignited.

Let's start with the fundamentals. The US initial jobless claims data released didn't show anything special, and the market's previous concerns about the Federal Reserve continuing to raise interest rates have eased significantly. More importantly, the US dollar index has come under pressure and retreated from above 104, which is a clear bullish signal for gold. When the dollar weakens a bit, gold has more room to breathe.

From a technical standpoint, the buying support below remains quite stable. The 4455 to 4460 range is particularly important—it's the neckline of yesterday's rebound. If it holds during a pullback, the bullish pattern is basically confirmed. On the upside, focus on the 4480 level; a real breakout above it could target 4500.

In terms of trading, you can consider building long positions gradually between 4450 and 4460, with a stop-loss set at 4440. The target on the upside is around 4480 to 4490. If during the rebound you encounter resistance near 4485, you might consider a small short position, with a stop-loss at 4497, aiming for a return to 4450 to 4457.

Trading is all about mindset. Small losses and small gains are common; the key is to maintain a steady rhythm. Every candle you see, every sleepless night you endure, will gradually help you find your own path to profit.

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LadderToolGuy

· 01-12 00:21

The bottoming pin pattern is a familiar phrase I've heard many times. Every time, people say it's stable, but it's still easy to get caught in traps. The key is whether the 4455 defense line can hold; otherwise, it will revert to the old routine. The logic that a weak dollar leads to gold rising is sound, but execution often causes psychological breakdowns. Gradually building long positions is a good strategy, but when it really hits the 4485 level, the courage to short with a small position definitely needs to be practiced.

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ser_we_are_ngmi

· 01-11 23:19

Really, as soon as the dollar loosens, gold comes to life. This trick has been used so many times, but it still works well. Once 4480 is broken, are we really heading towards 5000? That's a bit of imagination. Mindset is indeed the hardest part, no doubt. Most people actually get killed by their emotions. I also saw that needle yesterday, it has a bit of a textbook feel. Wait, can this wave really hold steady at 4460? It feels like it broke through both times before.

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SerumSqueezer

· 01-09 00:53

The bottom-finding needle can really be deceptive; I was burned by this pattern last time... That line at 4455 must hold, or we'll be caught in another flying knife. The dollar is so weak that gold indeed has a chance, but bro, your target is a bit aggressive... Staring at the charts until dawn every day, this mentality will eventually break. I just can't understand how anyone can persist with such trading. Be very cautious when breaking through 4480; usually, that's the start of a trap to lure more buyers.

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GasFeeCrier

· 01-09 00:53

4415 that needle shape is not an ordinary standard; the bulls have truly been awakened this time. When the dollar softens like this, gold indeed has a chance to catch a breath. 4480 is the real test; only after breaking through can we talk about what's next. The mindset part is spot on; many people fail at this very point.

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ArbitrageBot

· 01-09 00:33

This bottoming pin pattern is indeed beautiful. When the dollar loosens, gold rises. Honestly, it's that simple. I've already entered the market in batches around the 4450 range, just waiting to break 4480 to see if it can push to 4500. If not, I'll exit. Staying up late to watch charts has long been a habit. Anyway, small gains and small losses are acceptable; as long as the rhythm is steady. The line between 4455 and 4460 must not be broken. If it is broken, I will reassess—there's no need to hesitate. The key is that the Federal Reserve's attitude has softened; only then does gold have a chance. Otherwise, no matter how much analysis is done, it's all in vain.

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ForkThisDAO

· 01-09 00:27

The bottoming pin formation is real. When the USD weakens, gold indeed has room to move. I'm also watching the 4450-4460 range. --- Is it another easing of the Federal Reserve's rate hike pressure? Every time it's said like that, but what’s the result... we still have to look at the data. --- Breaking through the 4480 threshold is what really counts; it's too early to say anything now, brother. --- Small losses and small gains are common; I have to admit that. Who will make up for the cost of staying up late, haha? --- The USD being pushed down from 104 does add to the gold price, but I still want to see a break above 4500 before getting excited. --- Basically, it's just that the bulls are a bit fired up. Don't read too much into it.

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