Last night, gold experienced a sharp plunge. It dropped straight from a high of $4550 to $4301, and finally closed around $4332. From the daily chart, this candlestick has formed a typical large bearish engulfing pattern, and there is a possibility of testing lower levels again. Based on the current trend, the $4000 level is very likely to be retested, and in the short term, it is expected to fluctuate within this range repeatedly.
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MondayYoloFridayCry
· 4h ago
It crashed again, and this time it was really brutal. From 4550 directly down to 4301. It's hard to watch, but luckily I didn't chase high last night.
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BrokenYield
· 13h ago
ngl that 4550 to 4301 dump screams liquidity crisis tbh... classic bearish engulfing pattern right before the real carnage starts. 4k support getting retested? seen this movie before, doesn't end well for longs. correlation matrix between gold and risk assets breaking down again smh
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GhostAddressMiner
· 13h ago
4550 dropped to 4301, with this move... how many whale-level addresses would it take to swallow it all at once? I need to dig into the on-chain data to see who is actually dumping.
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LightningLady
· 13h ago
Dropped again? A 250-point decline, that's really impressive.
Last night, gold experienced a sharp plunge. It dropped straight from a high of $4550 to $4301, and finally closed around $4332. From the daily chart, this candlestick has formed a typical large bearish engulfing pattern, and there is a possibility of testing lower levels again. Based on the current trend, the $4000 level is very likely to be retested, and in the short term, it is expected to fluctuate within this range repeatedly.