Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#美国非农就业数据未达市场预期 January 12 Morning Gold Price Review and Trading Opportunities
The market surged to 4601 right at the open, looking very aggressive, but this move at such a high level is somewhat suspicious——experience tells me that such violent surges at extreme levels often hide a more severe pullback behind them. Currently, the price is consolidating at a high level, and the bears are already gathering strength; a turning point could happen at any moment. $BTC
Actual trading approach:
The short-term strategy is straightforward——the 4600-4610 range is a good entry point for short positions, with stop-loss set above 4620 and not loosened. Looking downward, 4550-4530 is the first support level, which should be able to hold a wave.
The bigger picture judgment is even more critical——confirming a bearish outlook. This is not just a rebound; a true trend-down phase is gradually beginning. The medium-term target points to 4380-4350 and then to 4300, which is a gradual process of unwinding.
Currently, with non-farm payroll data below expectations, market sentiment has already shifted, and the attractiveness of gold as a safe-haven asset is being re-priced. This adjustment cycle may be deeper than expected.