Good evening everyone. Today, let's take a look at the spot gold evening session and this wave of market movement.



To be honest, the current pattern of gold is very clear—an upward consolidation. The breakout from the previous bottom and the subsequent accelerated rally have already solidified the bullish trend. The current high-level oscillation is simply a normal correction within the trend; don't be scared by the 30-minute divergence, it doesn't change the overall direction.

From several perspectives, the probability of further rise is much higher than the risk of a pullback: the pattern itself is quite complete, the support levels for the bulls are solid, and the volume is also supporting this move. The entire trend is still playing out around the logic of gathering strength and then breaking through.

There are two key signals in technical trading: first, whether the support level can hold steady; second, whether the resistance level can be broken.

For trading, consider going long around the 4850 level. The first target is 4880; if that is successfully broken, then look towards the 4900 to 4910 range.
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AirdropJunkievip
· 10h ago
Bro, this analysis has some merit, but I still need to wait until it breaks 4900 before taking action.
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SmartContractRebelvip
· 10h ago
This wave pattern of gold is indeed clear; just waiting for the 4850 break.
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DegenRecoveryGroupvip
· 10h ago
I understand this upward relay wave; it's just about whether 4850 can hold steady. Gold is about to rise again? It feels like every day they're saying it will continue to go up. When will the peak come? The support level is so stable that I'm a bit hesitant, always feeling it might reverse and shake out. Can 4880-4910 really be reached, or is it just an illusion? The bullish trend has been "hammered to death"... The way it's being said so definitively actually makes me a bit scared.
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ChainChefvip
· 10h ago
yo this gold recipe is literally just simmering rn... support's holding like a perfectly marinated steak, pressure zone gonna break eventually fr
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