$XAU Damn, yesterday’s bullish momentum was there, but today it just got cut off—Whale’s large position shrank by more than 10% in seven hours, five of the six K-lines over four hours were bearish, and the price was pinned right on the 50-day moving average, this life-or-death line, while still being held under the green line for 24 hours. On the spot order book, sell orders are stacked several times thicker than buy orders; this market setup hasn’t even left a shelter for longs. If you ask me, this isn’t catching its breath—it’s the big players quietly changing seats. The downward slide has just been set up, so don’t rush in to catch the falling knife.