Silver plunges nearly 10%, and gold also breaks through the $4500 mark—at first glance, it’s a bit alarming, but within the context of a large-scale upward trend, this is a typical shakeout and pressure relief move.
In a one-sided upward wave, opportunities to re-enter on a pullback are actually rare. The daily chart’s upward channel remains intact, and as long as the support between 4450 and 4470 is not broken, the pullback is just a technical correction, at most a brief consolidation. The core strategy of going long remains unchanged.
If the Asian session continues to probe lower, consider building positions between 4500 and 4510. Resistance levels at 4550 and 4570 are relatively clear, and the target for the wave remains around 4600.
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BoredStaker
· 9h ago
Just shake out the weak hands, as long as 4450 holds, it's fine. This pullback really is a good entry opportunity.
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zkProofInThePudding
· 9h ago
It's just a shakeout, don't be scared. As long as 4450 holds, continue to go long. Reaching 4600 is not a big problem.
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StableBoi
· 9h ago
Just shake out the weak hands; anyway, if I can't hold 4450, I'll cut it. I don't want to be trapped for too long.
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BuyTheTop
· 9h ago
Just shake out the weak hands, who are you scaring? This wave can't escape 4600, hold onto 4470 and watch the show.
Silver plunges nearly 10%, and gold also breaks through the $4500 mark—at first glance, it’s a bit alarming, but within the context of a large-scale upward trend, this is a typical shakeout and pressure relief move.
In a one-sided upward wave, opportunities to re-enter on a pullback are actually rare. The daily chart’s upward channel remains intact, and as long as the support between 4450 and 4470 is not broken, the pullback is just a technical correction, at most a brief consolidation. The core strategy of going long remains unchanged.
If the Asian session continues to probe lower, consider building positions between 4500 and 4510. Resistance levels at 4550 and 4570 are relatively clear, and the target for the wave remains around 4600.