Gold's Battle at the 4000 Threshold: No Bullish Signal Emerg
The "Christo Columbus - Precious Metals" channel focuses on technical analysis, primarily tracking intraday and swing trading in gold and crude oil. The analysis style emphasizes multi-timeframe confluence, using 4-hour/daily support and resistance levels, weekly bias, divergence signals, and structural points such as DC/WSH to manage trades, with emphasis on dynamically adjusting stop losses and taking profit in batches. Recent focus has been on the battle for control around the key 4000 support in gold, as well as the trend extension in crude oil driven by geopolitical conflict (Iran situation), while also watching macro risk factors.
**Overall bias**: Bearish on the technicals but flexible and multi-directional
7-Day View Timeline
- **2026-10-21** Gold stabilizes on the 4-hour timeframe, stop loss tightened to 10 dollars: The 4-hour timeframe is considered to have stabilized, with a recommendation to adjust the stop loss to 10 dollars; ideally a 4-hour close above 4142 would confirm bullish continuation.
- **2026-10-22** Gold weekly bearish bias maintained, beware of a false breakdown below 4000: The shift in Asian market bias allows the weekly bearish bias to be maintained, but the daily chart shows significant bullish divergence; if price holds 4000 there is potential for a short trap; if 4000 turns into resistance, higher timeframes will remain under pressure.
- **2026-10-22** Oil price returns to bullish mode, challenging the 100 dollar resistance line: The 4-hour chart flips DSH forming entry signal 3, with a chance to flip the 100 dollar resistance line before the daily close, putting crude oil back into a bullish state.
- **2026-10-22** Gold short trade progressing smoothly, stop loss moved up to 4060: The gold short strategy during the live stream has confirmed a 4-hour close below WSH, with the stop loss tightened to 4060 for a risk-free position.
- **2026-10-23** Gold short technically completed, touching the key 4000 support: Gold has moved 64 dollars from entry, now touching the key 4000 support line; if longs are still in the market, a contest is expected at this level.
- **2026-10-23** Crude oil long trade 3 progressing smoothly, historical trades show high win rate: Crude oil long trade 3 is delivering smoothly, stop loss is being tightened, and it was noted that previous crude oil trades here were almost all profitable.
- **2026-10-23** Gold in consolidation and manipulation, maintaining bearish bias waiting for the US session: Gold is considered to be accumulating and being manipulated within the current range, but there is insufficient confluence for longs; the bias remains bearish, retaining a 20% position on short entry 2 at 4050 with the stop loss at the entry level.
- **2026-10-24** Oil price targeting 120 dollars, Iran war effect far below 2003: The crude oil take-profit target extended to 120 dollars; compared to the 400% rally triggered by the 2003 Iraq War, the current Iran conflict has only driven a 100% rally, while also watching for potential market sell-offs driven by macro risks, cybersecurity and AI concerns.
Sources (on-site messages)
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