Bearish signals are gradually being realized. The key is whether it can find support at the median line—if it can't hold, the outlook will become more pessimistic. In the short term, new highs may not appear, which could actually be an opportunity for the bears.
The decline of XAU has already confirmed the analytical expectations. Next, it depends on whether gold can stabilize at the key support level; otherwise, the risk of further decline is high. #GOLD #XAU
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SnapshotDayLaborer
· 01-16 19:48
The midline can't hold, so let's continue selling then.
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MissingSats
· 01-16 19:47
If the median line can't hold, this wave of gold might really have to go all the way down.
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CryptoHistoryClass
· 01-16 19:44
tbh this "capitulation phase" playbook has aged like fine wine... literally watched the same chart pattern in '18, then again in '21. history doesn't repeat but it sure as hell rhymes lol. midline hold or breakdown? statistically speaking, we know how this movie ends when support crumbles like that
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GasFeeTherapist
· 01-16 19:35
If the median line cannot be maintained, you indeed need to prepare for a downward move.
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SocialAnxietyStaker
· 01-16 19:33
If the median line is also broken, gold is really finished
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ChainComedian
· 01-16 19:32
Can the median line hold up? Feels like it's hanging 😅
Bearish signals are gradually being realized. The key is whether it can find support at the median line—if it can't hold, the outlook will become more pessimistic. In the short term, new highs may not appear, which could actually be an opportunity for the bears.
The decline of XAU has already confirmed the analytical expectations. Next, it depends on whether gold can stabilize at the key support level; otherwise, the risk of further decline is high. #GOLD #XAU