The k-line fluctuations are so large
Has AU bottomed out or will it continue to collapse?
From my perspective on the daily gold chart, the strongest feeling is not how clear the direction is, but how heavy the fluctuations have suddenly become.
After the previous high point reached around 5420, the K-line began to press down all the way, and the recent few bearish candles have clearly accelerated the pace, with the lowest even probing down to 4124.10. The question is, is this downward probe just a concentrated emotional release, or is the daily structure looking for a new balance range?
I am also concerned about two more points. First, after the low point appeared, it did not continue to break through but instead left a relatively long lower shadow, while the trading volume increased. Does this indicate that there is a clear divergence near 4124, with some people panicking and exiting, while others are absorbing the fluctuations? Second, although the price has now returned to around 4327, it still remains below the 7-day, 25-day, and 99-day moving averages. Does this position look more like a repair after a decline, or is it still waiting for a new direction confirmation?
If we break down this wave of K-lines, does it resemble a typical process of 'first losing speed, then a sharp drop, and finally entering an observation zone'? What is more worth watching next may not be the individual K-line red and green, but whether the repetition near the low point will become clearer and whether the volume will return to calm after the outburst, or if it indicates that the divergence between bulls and bears has just begun to widen.
$XAU #金价连续第十天下跌
