After breaking through gold entered the confirmation stage, 4105 is the dividing line between bulls and bears

Hello everyone, I am Old Jin.

After breaking the previous downtrend, gold has formed a bullish structure on the 4-hour chart, and the current market has entered the consolidation confirmation phase after the rise. From the market perspective, bulls still hold the initiative, but to continue pushing higher in the short term, a confirmation of key positions is still needed.

Currently, focus on the support area of 4115—4125 below, which is both the core defense point of this round of increase,

and also the ideal area for short-term low buys. If the price pulls back and stabilizes, bulls are expected to gain strength again.

The first point of focus above is the resistance zone of 4125—4140. If the 4-hour chart can effectively hold above 4140, it indicates that buying power has further strengthened, and the subsequent targets will sequentially look towards the 4155—4170 and 4180—4200 areas.

However, bulls are not without risks.

4105 is the important dividing line for bulls and bears in the current market. If the 4-hour chart effectively breaks below 4105, it signifies that the upward structure has begun to weaken, and gold will likely pull back to the 4050—4070 area to seek support again.

For the current market conditions, Old Jin does not recommend blindly chasing highs. In an upward trend, truly valuable opportunities often come from pulling back and confirming, rather than chasing amidst emotional movements. Waiting for a signal of stabilization at key support will allow for more reasonable risk-reward ratios and a more composed operation.

Trading has never been about who gets in faster, but about who understands how to wait better. Recognizing the trend, maintaining rhythm, and respecting key positions are essential for going further in the market.

Old Jin's view:
In an uptrend, look for support, find opportunities on pullbacks; if broken, look for adjustments, and only seek new highs after a breakthrough. Trading is not about guessing direction, but making high-probability choices at key positions.

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