🦅 Flying Fish Early Trading Urgent Correction (Heaven and Earth Needle Shakeout): Gold 5194 surged then pulled back! After a sharp rally, XAU plummeted, and the massacre began, marking the start of a slaughter. The early rally to chase highs resulted in a complete wipeout of the bulls!

Deep review of the latest situation (Liquidity Hunt): #XAU #黄金 $XAU
Epic Liquidity Hunt: Brothers, the market action this morning was brutal! As the Asian session opened, the main force, riding on weekend accumulated risk aversion sentiment, violently pushed prices higher, with a needle reaching near the medium-term resistance zone around 5194. While the entire network was FOMO chasing highs, Wall Street capital countered with a “Heaven and Earth Needle” smash, instantly bringing the price back to its original level, with the current price approaching 5061. This indicates that the selling pressure above 5100 is extremely terrifying, and the morning rally was purely to wipe out weekend short positions and trap high-leverage longs at the top.
Range Establishment: After this morning’s volatile swings, gold’s trend has shifted from “one-sided short squeeze” to “broad-range shakeout.” The 5000 level remains the firm bottom line, while above 5140 has formed a very strong short-term ceiling.
Quantitative EA’s Gold Pit: For such volatile liquidity hunt markets swinging hundreds of points up and down, many brothers in mainland China used to manually monitor the market and are likely to be tortured, easily receiving both sides of the slap. But this is exactly the kind of market our MT5 trend quantitative EA loves—grid trading, automatic high sell and low buy, avoiding human fear and greed.
1. Support and Resistance Levels (Flying Fish Chart Precise Calculation)
🟢 Short-term support (1-3 days, pullback defense zone)
5030.00: Immediate support. The first buffer zone after the morning’s Heaven and Earth Needle drop.
5000.00: Strong support (Century Level). The psychological bottom for the entire market and the starting point of this big cycle.
4956.64: Core support. If the 5000 level is maliciously broken down by the main force for shakeout, this is the last line of defense for the bulls.
🔵 Medium-term support (1-2 weeks, swing trading zone)
4920.00: The upper boundary of the previous wide-range consolidation box.
4850.00: Macro structural bottom.
4800.00: Trendline extreme defense level (projection).
🔴 Short-term resistance (1-3 days, rebound high-pressure zone)
5068.52: Immediate resistance (Target Zone 2). The current price is being suppressed below this zone; if it cannot break through 5085 on a rebound, it indicates very weak performance.
5120.00: Strong resistance. The mid-mountain area of the morning’s plunge, with heavy trapped positions.
5143.66: Core resistance. The entity resistance zone of the morning’s Heaven and Earth Needle.
🟠 Medium-term resistance (1-2 weeks)
5180.00: Chart target zone 3 (projection).
5244.00: Medium-term strong resistance.
5300.00 - 5444.00: Target zone 4 and macro new high selling pressure zone.