Gold ETF sets a record for net inflows, yet high interest rates continue to weigh on gold prices. Tighter risk appetite also drags on the crypto sector; SOL is bearish in the short term, but it is near oversold—discipline comes before the impulse to bottom-fish.

SOL is currently at 108.55, down 7.2% over the past 24 hours. The low touched 108; it is only 0.06% above the low. Trading volume is 11.604 million, and the funding rate is -0.0021%, indicating sellers have a slight edge. The 1-hour and 4-hour charts are both in downtrends; they are -10.88% and -12.52% below the highs, respectively. The order-book buy/sell ratio is 0.94, and selling pressure has not faded.

Strategically, you may lightly short on a rebound to 111.35, with a stop-loss at 113.65 and a target of 104.85; if it breaks down below 106.45 on increased volume, then follow through by chasing the short, with a stop-loss at 108.75 and a target of 101.25. Risk per trade should not exceed 3% of total capital; exit immediately on breakdown—do not hold on against the position.

——Just my personal opinion and does not constitute investment advice. Wishing you a smooth trade.——

$SOL# Gold ETF records record inflows; high interest rates still weigh on gold prices