Gold: Looking at this 4-hour chart, this is a very typical "breakdown and capitulation" market movement.
The Bollinger Bands have shifted from support to resistance, with the opening downward—this is a classic signal of an established bearish trend. Price has continuously broken through the middle band and lower band, indicating extremely heavy selling pressure above, with bulls having no power to counterattack.
The last candlestick directly broke through the 4300 round number level, with lows probing to 4124. The appearance of this "long lower shadow" often signals the entry of support buying
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