GOLD after the plunge, there are things I’d like you to read before going with a contrarian approach.

I used to get burned thinking only about price movement.

Today I’ll organize it from that perspective.

Today GOLD is trading around $4,043. It has fallen sharply from the previous day's high near $4,166 and has declined to around the previous day's low near $4,039. Looking at the 1-hour EMA (moving average), the short-, mid-, and long-term lines are not aligned, and it does not fit the typical rising or falling sequence. The RSI (an indicator of overbought/oversold) is around 32 on the 1-hour chart and around 40 on the 15-minute chart, indicating a relatively low level. In short, the momentum to the downside is strong, but the alignment of the lines is not yet organized.

This article is personal analysis and does not constitute investment advice or an invitation to trade. Please make your own judgments about buying and selling.

Today I think it’s better not to decide on a direction. If the EMA alignment cleanly forms into a pattern like “20 < 75 < 200,” I intend to lean more toward a bearish outlook. Conversely, if the 1-hour EMA20 (around $4,065) clearly breaks above and sustains, I plan to change my view to a signal that the decline may be ending.

In the past, even when such line configurations broke, I would decide “it's going down, so sell” and ended up getting caught in a counter-move. Now I’m keeping my judgment on hold until the pattern is clear.

Today, since the outlook is not settled, I will skip calculating reference entries. I will provide reassessments once the EMA alignment is organized and the direction becomes clear.

*These are educational reference values. Please make actual trading decisions yourself.

Resistance ①: $4,065 (Basis: 1-hour EMA20)

Resistance ②: $4,075 (Basis: 1-hour EMA75)

Resistance ③: $4,165 (Basis: previous day's high)

Support ①: $4,040 (Basis: previous day's low)

1-hour EMA200: $4,065 (If this line is surpassed, upward acceleration occurs)

“On days when the pattern breaks, don’t rush to find the answer.”

This article is personal analysis and does not constitute investment advice or an invitation to trade. Please make your own judgments about buying and selling.

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