🚨 Gold may be repeatedly setting bull traps!
First: $5,400, when many thought a breakout was underway.
Second: $4,800, when many believed the bottom was in.
Third: $4,500, when some saw it as a fresh buying opportunity.
Three rebounds have formed three progressively lower highs, and there still hasn't been a clear higher low.
This may not be a strong uptrend, but a sign that large holders are continuing to distribute at elevated prices.
🎯 Watch these two potential downside zones:
First target: $4,000–$3,800
Second target: $3,400–$3,200
My plan is to wait until the second zone before considering building a position in stages. Until then, I'll stay patient.
The above is only the original text's technical analysis, not a definite price forecast. Gold's movement still needs to be assessed against actual market conditions.
The same goes for $BTC : don't treat every rebound as a reversal!
First: $5,400, when many thought a breakout was underway.
Second: $4,800, when many believed the bottom was in.
Third: $4,500, when some saw it as a fresh buying opportunity.
Three rebounds have formed three progressively lower highs, and there still hasn't been a clear higher low.
This may not be a strong uptrend, but a sign that large holders are continuing to distribute at elevated prices.
🎯 Watch these two potential downside zones:
First target: $4,000–$3,800
Second target: $3,400–$3,200
My plan is to wait until the second zone before considering building a position in stages. Until then, I'll stay patient.
The above is only the original text's technical analysis, not a definite price forecast. Gold's movement still needs to be assessed against actual market conditions.
The same goes for $BTC : don't treat every rebound as a reversal!