Gold prices fell rapidly in the early session, hitting an intraday low of $4,386. After the European session opened at 3:30, gold prices then traded sideways within the narrow 4,383–4,403 range, a 20-point fluctuation.
Short-term 15-minute timeframe
The Bollinger Bands are opening and shifting forward. Based on trading patterns, a sharp early-session drop is not a good sign: if Europe does not break the low, the U.S. session will consolidate. If gold prices cannot effectively break above the 4,386 low before the U.S. session opens, they will likely remain in a narrow range after the evening U.S. session opens. However, we also need to guard against a downward spike after the U.S. session opens. Watch the support around 4,380 at the bottom! #黄金 #伦敦金 $XAUUSD ‌

Gate celebrates 13 years! ✨
To mark this milestone, Gate proudly launches its global anniversary campaign. From the 13th anniversary gala, to global trading competitions and exclusive industry events such as Paris Blockchain Week and Hong Kong Web3 Carnival, we are bringing together our global community to explore the next era of crypto: "Your Gateway to iWeb3."
Highlights of our journey:
🔹 50M+ users worldwide, 4,500+ assets with deep liquidity
🔹 World-leading spot and derivatives trading volumes & 125% reserve ratio
🔹 Strong compliance strategy across key global markets
🔹 Gate for AI empowers AI Agents with six core capabilities, enabling a fully autonomous trading loop
🔹 GateRouter unifies access to leading AI models; GateClaw lowers the barrier to intelligent trading
From a leading trading platform to a comprehensive digital asset ecosystem, Gate continues to strengthen its infrastructure, expand its global footprint, and drive innovation beyond boundaries.
Here's to the next 13 years, and beyond.
Learn more: https://www.gate.com/announcements/article/50284
‍#Gate13Anniversary #Gate13周年

Launching a points system is not about “farming freebies”—it turns trading into a large-scale game of progression
The launch of Gate’s event points system may appear to simply add a “Points” entry, but in reality, it is more like repackaging familiar user trading behavior: in the past, trading ended once the transaction was complete; now, trading, participating in activities, and completing tasks can all become part of accumulating points. In other words, the platform is shifting from “users come to trade” to “users come and want to complete a few more tasks.”
The most interesting aspect of this mechanism is how it changes users’ psychological expectations toward activities. In the past, when participating in an event, many people’s first reaction was, “How much can I earn?” With a points system, users may start calculating, “How far am I from the next tier?” Once this mindset takes hold, platform user activity can easily increase further.
Of course, points themselves are not a magic formula for wealth. What ultimately determines their appeal is what they can be redeemed for, how different events are calculated, and whether the reward rules remain stable. If the rules are transparent enough for users to clearly see the relationship between their input and returns, the points system can become a long-term operations tool; if the rules are so complicated that they resemble a math competition problem, users may leave the page before they can figure them out.
From the platform’s perspective, the value of event points lies more in user engagement. They can turn one-off event participation into continuous behavioral incentives, motivating users to “do it one more time.” For active traders, this type of mechanism is especially likely to create positive feedback.
Therefore, rather than saying that Gate is launching a points system, it would be more accurate to say that it is giving users a “progress bar.” Trading platforms are increasingly resembling games, which is not necessarily a bad thing. The key is for the rewards to be real, the rules to be clear, and the experience to be smooth. After all, users can accept fighting monsters and leveling up, but what they fear most is spending half a day fighting, only to discover that the Boss has suddenly changed the rules. #Gate事件积分系统上线

#Gate事件积分系统上线
1️⃣ Gate Event Market has launched a brand-new points leaderboard. Participate in Event Market trading to earn Event Points.
Points will count toward the weekly leaderboard, and the top 100 users can share the points prize pool based on their rankings. Scratch cards also offer rewards including USDT, Event Points, and trial vouchers, with a chance to win 88,888 PTS.
2️⃣ The Top Five Leagues Kickoff Celebration is also live!
From August 12 to August 31, participate in designated football event contracts to enjoy kickoff gifts, loss compensation, and leaderboard rewards, with a total prize pool of 200,000 USDT. ⚽️
3️⃣ In addition, the Event Market now supports SOL and XRP price-direction trading.
Trading is now available across 5-minute, 15-minute, 1-hour, and 4-hour short-term periods. No leverage or margin is required—simply predict short-term price movements to participate.
👉 Enter the Gate Event Market now: https://www.gate.com/trade-events
📌 Details on the Top Five Leagues and points events: https://www.gate.com/announcements/article/101173
🔗 View the newly added SOL and XRP trading instruments: https://www.gate.com/announcements/article/101164

🎉 August 17 Gate Top Five Leagues Kickoff Celebration Livestream Giveaway Results Announced
Thank you all for participating in this livestream interaction. Congratulations to the following lucky users:
🎁 Gate Scarf Gift Box
Shi Mingming
Bitcoin Billionaire Bro
Dog Ideas Are Spot-On
💰 $10 Prediction Coupon
XiaomingFou
Manchester City
Even a Small Person
Rewards are expected to be distributed within 3 business days. Please check your account for receipt!
Didn't win this time? Don't worry～ More livestream perks, red packet giveaways, and limited-edition merchandise are still coming!
Remember to tune in to Gate Live 👉 https://gate.com/live