$XAU order book depth has already betrayed the direction! There are 30 buy orders and 68 sell orders; the depth ratio is 0.45. The only ones left to take it are retail investors’ loose change. Out of the 6 four-hour K-lines, 4 are marked with blood. The moving averages are pressing down overhead—price is crouched under the MA20 and can’t even budge. The bulls are still propping it up, with positions slightly increasing while price doesn’t move—so is this “support”? It’s called queued jumping off a building. To be honest, at this level any rebound is just handing a knife to the trapped holders above. Don’t catch it—watch it break below 4279 and you’ll see what happens.