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10.12 Gold Afternoon Outlook: Gold Surged Then Plunged Below 4200! Has Room for a Short-Term Correction Opened Up?

Spot gold extended its strong rally in the morning, surging to a new period high of 4217 before quickly retreating under concentrated profit-taking pressure. It successively broke below the 4200 support level, with the intraday low reaching 4179. It is currently quoted at 4183, giving back most of its gains in a short period, while bullish momentum is rapidly fading.

Technical analysis: The 10-minute chart has effectively broken below the key 4200 support, disrupting the short
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XAUT-0.09%
#GateAtTOKEN2049 Gate at TOKEN2049. Building the Future of Crypto Through Innovation, Trust, and Global Connection
The global cryptocurrency industry continues to evolve, and TOKEN2049 remains an important meeting point for the people shaping its future. From blockchain developers and exchange leaders to institutional investors, Web3 founders, and digital asset enthusiasts, the event brings together different perspectives to explore where the industry is heading.
Gate's presence at TOKEN2049 represents more than participation in a major crypto gathering. It reflects the importance of building
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ETH Intraday Short: Get on Board and Watch the Profits
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ETH+2.83%
‍$STRK So strong—I started calling for longs on the 8th, when it was only 0.055, and its market cap has now doubled. I said that every weekend, we should find at least one altcoin that can double.
STRK has so far failed to break through resistance, and the short signal has arrived. 0.10 is a key support level; if it fails to stabilize, this move may enter a deep correction#STRK24小时涨超55% .
STRK-7.10%
ZEC intraday short: enter and watch the profits
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ZEC+8.64%
$W The entry opportunity has emerged!
I previously reminded everyone to watch the key support at 0.027-0.0275. After the pullback was confirmed, I led my followers into the market in batches. Following the earlier rapid rise, high-level holders have begun rotating their positions. As long as the support zone holds, the probability of short-term funds flowing back remains.
Once it establishes a firm footing on increased volume, there is potential for further upside. Of course, altcoin volatility is never low, so strictly manage risk after entering and adjust your pace promptly if the key suppor
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W+67.73%
Morning market update
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LIVE2,292
Monday, October 12 Bitcoin positioning recommendations
Technically, BTC’s previous surge to 87,000 on the daily chart was followed by a clear exhaustion of bullish momentum, forming a high-level structure of resistance and pullback. The current price at 83,800 has shown weak rebound strength and failed to regain a firm foothold above the resistance zone, indicating a weak recovery after high-level consolidation.
The area around 81,000 below is short-term support. Once it breaks down on heavy volume, it will open up further downside. Attention should be paid to the strong resistance zone at 86,
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BTC+1.34%
ETH+2.81%
NEAR+11.10%
The market is currently in an extremely high-consensus environment, with participants collectively expecting ETH to hold above 2200‑2300. 2200 is the collective psychological floor, 2300 is the market equilibrium level, and 2400 is the short-term upside resistance.
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ETH+2.81%
$SNDK Rebound an illusion? The real opportunity is here!
The market staged a recovery over the weekend, only to be slammed back below 1600 shortly afterward.
How much room do the shorts still have?
The market has now completed a round of position cleanup.
After repeated tests around 1500, the support is already very solid.
As for SanDisk:
It surges wildly for two days when rising, and slowly grinds out a bottom when falling.
A large number of longs have now been shaken out, while shorts are crowded overhead. Once the rebound begins, the upside will not be small!
At present, Wei-ge is more incl
SNDK-1.47%
Ethereum’s low-entry long opportunity in this move was flagged in advance! Early on, the price pulled back to 2513 and stabilized, after which the bulls pushed it up to 2571, delivering the 58-point move as expected. Hold support and don’t rush to chase gains; the market move that belongs to you will eventually bring returns. #BTC涨1.17% $ETH ‌
ETH+2.83%
UNI Trading Recommendation
Direction: Short
Entry: 7.65-7.75
Target: Around 7.00
Entry rationale: Technical: The MACD histogram has returned to zero, indicating exhausted bullish and bearish momentum; the price is near the lower Bollinger Band, RSI is neutral to weak, and the moving averages above are bearishly aligned. Funds: 1-hour net outflows have continued, while a whale transferred 1.79 million UNI in, indicating a strong motivation to sell despite being at a loss, with significant selling pressure.#GateWCTCS9全球交易赛 $UNI
UNI+2.04%
market overview
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$RSR Short
Entry 0.002550 Take profit 0.002250 Take profit 0.002060 Stop loss 0.002710 I’m watching RST to see whether it will start falling from here. If buyers fail to push back and the price starts weakening, the short idea makes sense. If momentum shifts, there’s no need to force a trade.
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RSR+56.94%
$OGN Current price is 0.03047. Key support below is at the Bollinger lower band of 0.03112 and the psychological level of 0.0300, while resistance above is at MA5 0.03218 and MA20 0.03298. In terms of moving-average structure, MA5 has fallen below MA20, and the bearish alignment is beginning to form; the MACD histogram at -0.0001373 remains negative, with momentum yet to recover; RSI at 29.8 has entered oversold territory, indicating short-term demand for a rebound, but the Bollinger Bands are opening downward and the price is tracking near the lower band, showing that the weak trend remains u
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AERO-2.49%
$MUBARAK staged a strong V-shaped rebound from the 0.06501 level, highlighting significant buying interest and making going long a logical technical trading choice.
The trade developed as expected, with the move delivering a 74% return. If you caught this move, well done. Market updates: $ZE : Current price 1,329.84 - 24-hour change: +8.80%
$I : Current price 0.1912 - 24-hour change: +24.16%
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MUBARAK+2.96%
#BabyDoge TO THE MOON! 🚀
#DroverInu To The Moon 🌙
#BabyDogeArmy, are you ready? 🔥
@DroverToken #babydgecoin friend.
BABYDOGE+1.16%
French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects Budget
France's National Assembly Finance Committee moved this week to tax crypto holders who swap into stablecoins and to impose an exit tax on wealthy holders who move abroad.
On Friday, however, the committee rejected the budget's entire revenue section by 31 votes to 3, meaning the full Assembly will start from the government's original text, without the crypto amendments. The committee's amendments do not carry over, so their backers would have to table them again for the floor debate that begins Oct. 13. Neither
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#BTCUp1.17% Rises 1.17 Percent as Bitcoin Buyers Regain Market Attention
Bitcoin continues to capture the attention of the crypto market after recording a 1.17 percent rise. Even a relatively small price increase can provide valuable information about market sentiment, trading activity, and the balance between buyers and sellers. For traders and investors, the important question is not simply how much BTC has increased, but whether this movement can develop into a stronger and more sustainable trend.
Bitcoin remains the leading cryptocurrency and a major indicator of overall market confidence
BTC+1.34%
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