Current trend? Narrow range consolidation, but bearish pressure is closing in.
After the Bollinger Bands narrowed, the upper band has been putting continuous pressure, and the price pulled back after reaching 4209, failing to hold the key resistance. During this period of consolidation, bullish momentum has clearly been fading. Looking at the MACD, the green bars have indeed contracted, but a golden cross reversal? Not even a sign yet. The recent strength in the US dollar is also dragging things down, and earlier buyers haven't held their ground firmly enough.
Overall, there's a significant chance the price will break below the consolidation range and slide toward the lower Bollinger Band.
Trading strategy: Set up short positions on rebounds
Entry range: 4205-4210, light position for a test Stop-loss: 4220 Profit targets: - First target: 4195 - Second target: 4185, exit in batches
Traditional safe-haven assets vs. emerging digital assets—what opportunities will this gold correction create for tokenized gold and Bitcoin? This is a topic worth watching.
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StakeOrRegret
· 7h ago
It's the US dollar acting up again. This gold pullback was predictable long ago, and now we'll have to line up for short positions again.
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SurvivorshipBias
· 7h ago
The bears are already knocking at the door. The 4210 level really can't hold; sell into any rebound.
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BearMarketSurvivor
· 8h ago
When the airdrop comes, you have to run. If 4210 can't hold, it feels like it's going to go down.
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SigmaValidator
· 8h ago
The Bollinger Bands are about to break the lower band, and the bears are really fierce. This round of gold's correction makes me wonder if tokenized gold will become the next big trend. Bitcoin has been waiting there for a long time.
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liquidation_surfer
· 8h ago
With such heavy selling pressure and the US dollar causing trouble again, it’s probably safer to wait for a rebound before making a move... But then again, if gold drops, will tokenized gold and BTC take off again?
#比特币对比代币化黄金 December 5 Morning Gold Market Watch:
Current trend? Narrow range consolidation, but bearish pressure is closing in.
After the Bollinger Bands narrowed, the upper band has been putting continuous pressure, and the price pulled back after reaching 4209, failing to hold the key resistance. During this period of consolidation, bullish momentum has clearly been fading. Looking at the MACD, the green bars have indeed contracted, but a golden cross reversal? Not even a sign yet. The recent strength in the US dollar is also dragging things down, and earlier buyers haven't held their ground firmly enough.
Overall, there's a significant chance the price will break below the consolidation range and slide toward the lower Bollinger Band.
Trading strategy: Set up short positions on rebounds
Entry range: 4205-4210, light position for a test
Stop-loss: 4220
Profit targets:
- First target: 4195
- Second target: 4185, exit in batches
Traditional safe-haven assets vs. emerging digital assets—what opportunities will this gold correction create for tokenized gold and Bitcoin? This is a topic worth watching.