Before the gold price, it has been in an overall rising trend structure, continuously forming higher peaks and higher troughs,
but it encountered strong resistance near the 4650-4700 resistance area.
The price has now broken below the bottom boundary of the rising trend structure, indicating that the short-term market structure may be shifting.
The recent sell-off has pushed the price toward the 4450 area, while an important liquidity zone still exists around 4330-4350.
If selling pressure persists, this zone may become crucial.
From a price action perspective, as long as the price remains below the trendline and the resistance area it has broken,
the downward trend structure may still be valid.
Continued selling could lead to a retest of the liquidity zone mentioned above, and if the price strongly rebounds to above the broken structure,
it could weaken the downward trend and bring the resistance area back into focus.
Trades should wait for clear price confirmation before considering any trade.
If the liquidity zone cannot be defended, further downside is still possible
#黄金 #XAUUSD
but it encountered strong resistance near the 4650-4700 resistance area.
The price has now broken below the bottom boundary of the rising trend structure, indicating that the short-term market structure may be shifting.
The recent sell-off has pushed the price toward the 4450 area, while an important liquidity zone still exists around 4330-4350.
If selling pressure persists, this zone may become crucial.
From a price action perspective, as long as the price remains below the trendline and the resistance area it has broken,
the downward trend structure may still be valid.
Continued selling could lead to a retest of the liquidity zone mentioned above, and if the price strongly rebounds to above the broken structure,
it could weaken the downward trend and bring the resistance area back into focus.
Trades should wait for clear price confirmation before considering any trade.
If the liquidity zone cannot be defended, further downside is still possible
#黄金 #XAUUSD
