2025-12-16 02:00:40

#BinanceABCs Gold Market Analysis: Double Top Formation Confirmed, How to View Key Levels?

Recently, gold formed a clear double top around 4360, and this pattern has been confirmed without doubt. The candlestick turned downward from above the moving average, directly breaking through the key support level. It is still under the pressure of the moving average, and the overall pattern is weak.

To be honest, we already warned yesterday that breaking through the 4380 barrier would be challenging, and the subsequent trend fully validated this judgment—price failed to hold above 4360 twice and retreated. The current market is clearly weak, and the probability of further decline is high. 4260 is the starting point of this rally and is very likely to become the main target of this pullback.

Tonight, November non-farm payroll data will be released. The market generally expects a positive outcome, but a reminder: gold may not move in the same direction as the data. In fact, this uncertainty is where trading opportunities lie. I will keep an eye on any new developments.

Trading strategy: Open a short position near 4365, with a stop loss at 4382.
Target: 4270 (with the strong support zone around 4260 as an alternative).

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PonziDetector

· 2025-12-18 23:35

Double top breaks support, this drop to 4260 is certain, non-farm payrolls, please don't cause a disturbance.

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MetaverseLandlord

· 2025-12-18 12:07

Double top has been established, this time it's really going to drop down. --- 4360 can't hold, non-farm payrolls are coming to disrupt, why is gold's trend so turbulent? --- I said yesterday that 4380 wouldn't break, and it turned out to be true... this short opportunity is indeed good. --- Wait, good news from non-farm payrolls but gold price isn't following? I need to think about this logic carefully. --- Is the 4260 target reliable? It feels like there are more surprises waiting below. --- The moving averages are suppressing it, let's go short directly at 4365. --- Uncertainty is actually an opportunity... Well said, I like this kind of thinking. --- Both attempts to break 4360 failed, is this really the end of the line? --- Stop loss at 4382, target 4270, such leverage ratio design is still prudent. --- I feel tonight's non-farm payroll data will come up with some new tricks.

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GateUser-e87b21ee

· 2025-12-17 23:43

The double top has fallen through. I saw it coming yesterday. Now we're just waiting for the 4260 hurdle.

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TokenUnlocker

· 2025-12-16 02:28

Double top crashing down, I mentioned yesterday that this wave has quite a bit of room. --- That position at 4260 is a bit fierce, but the logic is clear, so keep following. --- Non-farm payrolls are coming to stir things up again. Gold really doesn't play by the usual rules, it's hard to predict. --- Stop loss at 4382, set quite cautiously at this level—timid but steady. --- Failed to hold above 4360 twice, so it's time to go down. I’m optimistic about short positions.

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consensus_failure