#黄金
As mentioned earlier, 35 is an absolute floor that must not be broken.
Because this area is the neckline level of a head-and-shoulders top,
and also the support zone of the daily and weekly life lines.
If this level breaks,
it means the bulls have failed to hold the key price level.
Even if there is a rebound in the short term,
the probability of further downside will be higher.
In terms of wave structure, we have already broken below 35, which indicates that the daily-level corrective Wave C has not finished yet.
There is currently little support here.
The support below is around 4130–4160.
At the extreme, it could potentially reach 4090–4120.
But you don’t need to rush into bottom-fishing here.
You must wait for a reversal signal before taking action.
As mentioned earlier, 35 is an absolute floor that must not be broken.
Because this area is the neckline level of a head-and-shoulders top,
and also the support zone of the daily and weekly life lines.
If this level breaks,
it means the bulls have failed to hold the key price level.
Even if there is a rebound in the short term,
the probability of further downside will be higher.
In terms of wave structure, we have already broken below 35, which indicates that the daily-level corrective Wave C has not finished yet.
There is currently little support here.
The support below is around 4130–4160.
At the extreme, it could potentially reach 4090–4120.
But you don’t need to rush into bottom-fishing here.
You must wait for a reversal signal before taking action.
