Indeed, in the early session I said that if 4650—4660 can hold steady, you could try a small long position. However, after the bearish candle at 9 o'clock closed, I decided not to continue going long and instead will directly do a short counter-swing trade.
The divergence at the hourly timeframe level has always been a knife hanging over the bulls—this was what I said this morning. The higher the gold price is pushed up, the more painful this knife will be when it cuts.
Going forward, we need to keep watching the starting point of the last upswing ahead at 4625. If there is an effective breakdown of this level on the hourly timeframe, today the gold price will test below 4600! #黄金 #伦敦金 $XAU
The divergence at the hourly timeframe level has always been a knife hanging over the bulls—this was what I said this morning. The higher the gold price is pushed up, the more painful this knife will be when it cuts.
Going forward, we need to keep watching the starting point of the last upswing ahead at 4625. If there is an effective breakdown of this level on the hourly timeframe, today the gold price will test below 4600! #黄金 #伦敦金 $XAU
