Share your views on the upcoming trend of gold$XAU

Short-term outlook
Gold has dropped rapidly from 5600 to 4715 in this wave, a decline of about 15%. This magnitude is still not enough. Whether from a safety margin perspective or a short-term rebound strategy, entering now is not cost-effective.
Gold is already at a position where a short-term top is quite likely. Previously, the RSI was abnormally high, and in such a state, selling pressure is almost inevitable—it's just a matter of timing and magnitude.
Long-term outlook
The big players behind gold have no intention of ending this bull market. The downward move at the end of January might just be a "washout" to reset technical indicators, repair the technical picture, and then after some consolidation in February, continue to rise.
Summary
If you are the type of investor who doesn't mind retracements and focuses solely on long-term allocation, there's no need to worry about these fluctuations. Historically, during periods of high RSI, the first correction usually ranges from 20% to 35%. In extreme cases (like 2011–2016), corrections have even reached 50%. But over a longer timeframe, gold still has significant upward potential.#加密市场观察