#以太坊行情技术解读 December 12th Midday Gold Price Movement Observation



From the daily chart perspective, gold prices are encountering resistance at the upper band of the Bollinger Bands around $4285 per ounce—this level also coincides with a previous key high point, making the pressure quite evident. Moving higher, the integer mark at $4320 is right there, with strong psychological resistance that has historically been a hurdle for the bulls to break through.

When gold prices attempt to break through these resistance areas, they often trigger short-term profit-taking sell-offs, leading to repeated oscillations or even a pullback. Honestly, if the $4320 level remains unbroken for a long time, the probability of a short-term downward correction becomes quite significant.

As for trading suggestions, shorting within the range of 4317-4325 is a viable idea, with a stop-loss set above 4335. If a correction develops, watch for potential support levels at 4280, 4260, 4240, and 4220. Don't be overly nervous about high-position shorts; from a logical standpoint, there's nothing wrong with positioning for a bearish move at this level.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
NightAirdroppervip
· 12-12 10:08
Is it that old theory again? If 4320 can't break, will it drop? Can't we be a bit more flexible this time? The market just loves to go against expectations.
View OriginalReply0
GateUser-26d7f434vip
· 12-12 10:04
4320 is really a tough level; it doesn't seem easy to break through.
View OriginalReply0
ApeShotFirstvip
· 12-12 10:01
Talking about 4320 again? Bro, I got trapped last time I heard this story.
View OriginalReply0
gas_fee_therapistvip
· 12-12 09:55
4320 has yet to be broken, so I guess we have some free time. Let's see.
View OriginalReply0
LiquidationOraclevip
· 12-12 09:53
If 4320 can't be broken, then it has to be empty. This logic indeed has no flaws, just worried that it might be a false breakout again to trap us.
View OriginalReply0
UncommonNPCvip
· 12-12 09:50
If 4320 can't be broken, then it's time to run. This bearish strategy is indeed reliable.
View OriginalReply0
TokenomicsDetectivevip
· 12-12 09:43
This level at 4320 is really holding strong. I think the bears have a chance this time.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)