January 15 Gold Midday Review: Bearish Crush Drop, The 4580 Life-and-Death Battle Begins!

At midday, spot gold is quoted at 4595.72, plummeting 30.24 from yesterday's closing price, a decline of 0.65%. Intraday gold prices surged to 4632.60 before performing a "high dive," with a one-hour cycle showing a unilateral downward trend, indicating that the bears are fully in control of the market.

Strong Bearish Momentum: After the 1-hour MACD indicator formed a death cross, the green bars continued to expand, and the DIF and DEA lines diverged sharply downward, indicating that the bearish momentum is in the process of being released.

Critical Support at Risk: The 4580 level (close to the intraday low of 4581.07) has become the core of the bulls and bears' life-and-death struggle. If this level is broken, gold prices will accelerate downward to the 4560-4570 range.

Rebound Faces Heavy Resistance: If the 4580 support holds, there may be a short-term technical correction, but a rebound needs to break through the strong resistance zone at 4600-4610, which is quite challenging.

Rebound as a Shorting Opportunity: When the gold price rebounds to the 4600-4605 range, decisively go short, with a stop loss at 4610, targeting 4590-4580.

Trend Following on Breakout: If the 4580 level is effectively broken downward, immediately increase short positions, with the target directly at 4570-4560.

Cautious Short-term Long Participation: Only when the gold price stabilizes above 4610 can a light long position be attempted, with a stop loss at 4605, targeting 4620-4625.

Personal opinion, not investment advice.