Those who make a breakthrough with gold and go long have tragic luck
Reason for the drop: When the price rose into the supply zone, sell pressure appeared. Once it reached the middle (center) line of the supply zone, it fell, because this is a strong resistance level
After pulling back to the demand zone below—around 4450—there is some support
So there may be a rebound, but the specific stop-fall signal hasn’t appeared yet
It’s possible it could break below 4330, but for now it’s not recommended to short, because it has already entered the 1H fifth-wave decline; if it declines further, it would be $XAU
Reason for the drop: When the price rose into the supply zone, sell pressure appeared. Once it reached the middle (center) line of the supply zone, it fell, because this is a strong resistance level
After pulling back to the demand zone below—around 4450—there is some support
So there may be a rebound, but the specific stop-fall signal hasn’t appeared yet
It’s possible it could break below 4330, but for now it’s not recommended to short, because it has already entered the 1H fifth-wave decline; if it declines further, it would be $XAU
