2026-01-20 23:22:01

【Gold Technical Analysis】

Looking at the recent 1-hour chart, gold started from a low of 4653 and has been steadily advancing upward, with a very smooth rhythm. The price is running along the upper band of the Bollinger Bands, and the short-term moving averages are clearly in a bullish arrangement, with the bulls holding the dominant position.

However, there is a detail worth noting—the KDJ indicator has entered the overbought zone. What does this imply? There may be a technical correction needed in the short term, as the rally has been too rapid, and the market needs to catch its breath.

【Practical Trading Strategy】

Bullish Approach: If the price can stabilize between 4745-4755, consider entering a long position, with a stop loss below 4735. The first target is 4775; if this resistance level is broken, continue aiming for 4820.

Bearish Approach: If the price encounters resistance in the 4775-4785 range, consider a short position, with a stop loss above 4795. The initial target is 4750; if broken, look further down to 4700.

(Note: This is solely a technical analysis. Actual trading should also consider real-time market conditions and risk tolerance.)

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BlockchainTherapist

· 01-20 23:52

The recent surge in gold has been quite rapid. The KDJ is overbought, and there's still no correction? I think we might really need to wash out a bit. Hmm, but the resistance level at 4775 feels a bit shaky. Let's see how it develops later. The KDJ is overbought, and you're still daring to go long? I'm a bit hesitant. The upper band of the Bollinger Bands is so tight, it feels like the next move should be downward. Be careful, everyone. This market is moving too fast. I always feel that one sudden reversal could wipe everything out. It's better to wait for a correction before considering entering. Is 4750 support or resistance? That price level feels a bit awkward. I usually avoid markets that rise too quickly. I don't have the guts to chase after it.

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BearMarketMonk

· 01-20 23:51

The rise is too fast, I need to catch my breath. How many years have I heard this... When KDJ is overbought, it adjusts; after the adjustment, it rebounds; then it becomes overbought again. It's a cycle, an unavoidable fate.

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GasFeeCry

· 01-20 23:49

The rapid rise indeed needs a pullback, and the KDJ overbought signal is very obvious. This wave of gold is a typical technical rebound; if it can't break 4775, it should be shorted. The upper band of the Bollinger Bands is so tight, how can it continue to rise? It will eventually fall back. Entering at 4745-4755 is a bit too aggressive; I prefer to wait for a correction. Entering in the overbought zone increases the risk of being trapped; this wave is a bit risky.

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AirdropHarvester

· 01-20 23:46

I’ve never really believed in the overbought signal on KDJ; it’s just an excuse for being trapped anyway. If it breaks 4775, I’ll look bullish; otherwise, it’s safer to stay cautious. This wave’s momentum is indeed straightforward, but I have a feeling it’s about to turn around. That critical level at 4750 feels so weak, with no real support in sight. I agree with the bullish pattern judgment, but I’ve heard the overbought correction theory too many times.

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LayerZeroJunkie

· 01-20 23:40

KDJ is already overbought but still hyping the bull. This correction will be painful, buddy.

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RugResistant

· 01-20 23:31

Still dare to chase after being overbought, I think this market is risky Watch the 4775 level closely; if it can't break through, be prepared to exit KDJ is all in the red; a correction could come at any time, beware of being crushed Both bulls and bears have opportunities; the key is whether it can hold above the 4745 line Gold's movement is too rapid, a bit unstable If it drops below 4750, I will consider buying in; chasing high now is not my style

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