The top signal at $XAU 4700 is already very obvious!
After a continuous rise, the daily candle closed bearish; and the earlier high-level doji star also appeared, so we are now entering a high-range consolidation phase to digest the move.
After 4700, the highs gradually move lower; the lower level 4567 has already been touched. Overall, the price action is a weak bearish consolidation-downtrend structure.
Next, if 4645 doesn’t get reclaimed, any rebound is a short opportunity; if the rebound is capped again around 4620—4645, you can look for bearish signals.
If 4570 breaks down again, and the move continues with increased volume, then the next step may be a retest of support around 4470.
On the other hand, if 4645 is reclaimed, then 4700 may come around again.
At this point, since the direction hasn’t been confirmed yet, don’t chase trades. If you’re deeply trapped or want to take a position in gold, come directly to the chat room to find Jiaqi to get on board!
#英伟达财报后涨8.74% #比特币守于7.94万美元
After a continuous rise, the daily candle closed bearish; and the earlier high-level doji star also appeared, so we are now entering a high-range consolidation phase to digest the move.
After 4700, the highs gradually move lower; the lower level 4567 has already been touched. Overall, the price action is a weak bearish consolidation-downtrend structure.
Next, if 4645 doesn’t get reclaimed, any rebound is a short opportunity; if the rebound is capped again around 4620—4645, you can look for bearish signals.
If 4570 breaks down again, and the move continues with increased volume, then the next step may be a retest of support around 4470.
On the other hand, if 4645 is reclaimed, then 4700 may come around again.
At this point, since the direction hasn’t been confirmed yet, don’t chase trades. If you’re deeply trapped or want to take a position in gold, come directly to the chat room to find Jiaqi to get on board!
#英伟达财报后涨8.74% #比特币守于7.94万美元
