Video: Gold technical analysis on the 4-hour chart
Gold prices saw heightened volatility following Donald Trump’s speech at the World Economic Forum in Davos, with risk sentiment briefly shifting toward risk-on after Trump explicitly ruled out the use of military force in the Greenland discussion.
This article is a follow-up to our previous gold technical analysis on investingLive, revisiting the same technical structure and explaining why gold’s pullback fits cleanly within a broader bullish framework. You can also see the Nasdaq technical analysis today.
Big picture on Nasdaq Technical Analysis Today: the same channel, respected again
From a technical standpoint, nothing has changed structurally.
Gold remains inside the same rising channel previously highlighted, with multiple clean touch points confirming its validity. The internal channel and the key dotted level near 4,760–4,762 remain central to the analysis.
Prior analysis referenced 4,760
Actual reaction low printed at 4,757.1
The deviation was less than 1%, technically negligible relative to the move
This was a textbook retest, not a breakdown.
The 4,760 junction on Nasdaq Futures: a decision point, not a prediction
At the time of the prior article, this area was clearly defined as a junction, meaning:
It could trigger profit-taking
It could break higher and trap shorts
Or it could briefly dip and then recover
That is exactly what unfolded.
On a lower timeframe, price did reject the level, which allowed for a tactical short trade. That trade was shared in real time on the Investing Live Stocks Telegram channel, where:
Partial profits were taken quickly
Stops were adjusted to breakeven
Risk was neutralized even if the remainder was stopped
This is a classic example of professional trade management, where execution matters more than direction.
The bearish-looking pattern that failed Nasdaq bears
Following the initial pullback, price formed a pattern that most participants interpret as bearish. This is important.
When a widely watched bearish pattern:
Fails to follow through
Breaks to the upside instead
The result is often accelerated upside, driven by trapped positioning.
That is what happened next.
Gold surged to 4,891.1, forcing remaining shorts to cover at progressively worse prices.
Trump, Greenland, and the risk-on impulse
The next catalyst came from the macro side.
When Trump stated he would not use military force regarding Greenland, markets briefly flipped into risk-on mode:
Equities pushed higher
Gold saw a pullback
Technically, that pullback was near-perfect.
The low again tested 4,757
Price respected the upper boundary of the channel
Subsequent candles showed clean touch points and continuation higher
This is exactly how healthy trends behave.
What the price action at Nasdaq futures is signaling now
From a technical perspective:
The structure remains bullish
Pullbacks are corrective, not impulsive
Buyers continue to defend the channel
It is entirely possible to see:
Another brief retest within the channel
Additional consolidation near resistance
But based on current price behavior, a retest of all-time highs remains the dominant scenario, unless the channel is decisively broken.
Why this matters for Nasdaq traders and investors today
This move in gold is not about guessing headlines. It is about:
Identifying key junctions
Watching price reaction
Managing risk dynamically
Gold’s reaction to the Davos headlines did not invalidate the trend. It confirmed it.
Today's Nasdaq Futures Key levels to keep in focus
4,760–4,762: Major structural support and decision zone
Channel upper boundary: Ongoing resistance and validation area
4,891: Recent swing high and reference for continuation
Gold’s pullback after Trump’s Davos speech was orderly, technical, and constructive. The market respected every major level that mattered, and price action continues to support the bullish structure.
As always, these are opinions, not promises. Markets move through reactions at key levels, not certainties.
For more updates, charts, and trade management insights, visit investingLive.com.
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