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Gold (XAU) yesterday finally took a bite out of the meal, the blue zone was not broken, the first wave of rally ended, and a major correction has occurred—everyone has seen it.
Friends asked how to distinguish between a false breakout and a genuine one. Here's a simple explanation:
1. Observe the candlestick patterns at various levels after reaching the resistance zone.
2. Watch the volume response after hitting the resistance zone.
3. Check if the entire structure is healthy. For example, a relentless rally like to 4350 without any pullback—do you think that’s healthy?
After considering multiple factors, I boldly took a short position on the left side last night. I can't say I opened at the absolute top, but at least it was relatively high. Time to eat some meat~ #贵金属承压回落 $XAUT