I cut all the lines downward — I used to do counter-trend trading in such markets, thinking “I'm done selling, maybe it’s time to buy,” and I got burned many times.

Today I’ll lay out a plan to avoid that.

The current price is hovering around $4,675.

The hourly EMA20 (short-termMovingAverage) is $4,707, EMA75 is $4,737, and EMA200 is $4,754; all moving averages are currently above the price. In other words, the price has fallen below all EMA lines.

RSI (an indicator showing overbought/oversold) is currently 36.52. It has fallen from 41.09 three hours ago, indicating ongoing selling pressure. The 15-minute RSI remains at a low level of 35.89.

The previous day’s low around $4,683 has already been breached, and the price is breaking through lines that had served as key support.

In short — GOLD is currently in a selling-dominant trend and has entered a short-term oversold decline.

This article is 개인 analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.

Today I judge GOLD to be selling-dominant, but I am skipping entries today.

If the price retraces back toward around $4,707, there will be a setup for a short re-entry around the 1H EMA20. However, based on today’s figures, calculating stop loss and take profit ranges does not yield a reasonable risk-reward.

On the other hand, if the decline continues and it drops toward around $4,650, a short-term rebound (technical rebound) becomes more likely. However, as long as the selling pressure persists, it would be premature to call a reversal to the upside.

In markets like today — with “all lines broken and RSI at a low level” — I believe the basic risk management is not to rush in.

Today there are no points meeting RR1.5, so I’m staying out of entries.

There are no notable reference entries today.

Resistance ①: $4,685 (previous day’s low / recently breached level)

Resistance ②: $4,705 (1H EMA20)

Resistance ③: $4,735 (1H EMA75)

Resistance ④: $4,755 (previous day’s high)

Support: No major lines below the current price

1H EMA200: $4,755 (if price moves above this line, upward momentum accelerates)

“A day when nothing moves is a day that protects your account.”

This article is 개인 analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.

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Feel free to leave any questions or impressions in the comments.