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8.20 Toujinke Gold Evening Review: 70-Point Plunge from the High! Gold’s Overbought Shakeout Creates an Opportunity

Gold staged a sharp rally-then-pullback today. After surging to a new high for the current phase at 4527 in the morning, it came under sustained pressure and weakened. In the evening, bearish momentum erupted, accelerating the decline. It has now fallen back to around 4455, down nearly $70 intraday, a drop of more than 1.5%.

On the 1-hour timeframe, the price directly broke below the BOLL middle band, with short-term bearish forces being released in a concentrated manner, whi
XAU1.31%
ETH17.52%
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It’s been a long time since I wrote a long post. I’ve noticed that in this rebound, many of you have fallen by the wayside or given back at least a month’s profits. Starting today, I’ve decided to launch ongoing subscription livestreams to help everyone recover their losses and rebuild their capital. New subscribers can check the pinned post to learn the trading rules, then watch the replays of last week’s and the week before’s Saturday and Sunday subscription teaching livestreams. You must improve your understanding and stop blindly going all in. Take a big-picture view of the market instead
BTC10.24%
ETH17.48%
GLDX0.70%
XAU1.31%
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Gold has been steadily drifting lower since the early session, with limited room for a rebound and progressively lower highs. The bearish trend will most likely continue during the U.S. session. Initial jobless claims will be released at 8:30. Around the current price of 4465, a short position can be entered once with 74 as protection, targeting 4440 and 4425$XAUUSD $ETH #BTC突破71000美元日内涨幅10.5%
XAUUSD-1.06%
ETH17.52%
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$SKHY is back at an important level after moving between two major consolidation ranges.
The 151 area remains a key support zone and also lines up with the 0.618 Fibonacci retracement, making this pullback interesting for a potential long setup.
📌 Long Entry: 151 area
🛑 Stop: 144.13
🎯 Targets: 157.19 / 167.58
If 151 holds and buyers step in again, SKHY could attempt another move toward the upper range. A clean loss of support would invalidate the setup, so patience and risk management remain important.
BTC is also holding above 71K, while ETH has recovered toward 2.2K, keeping the broader
SKHY-2.71%
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IRRCompass:
What I actually care more about is whether there are large buy orders supporting the market around 151. Anyone can draw lines; the key is how the order book reacts. In any case, I won’t chase this move—I’ll wait for a pullback confirmation. I’d rather miss the trade than make the wrong move.
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ETH breaks key resistance! First move above the “golden line”, is ETH’s reversal rally beginnig?
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ThisIsTranslateContent::
Just send it 👊
Document the complete short opportunity in this wave of $BICO .
After the token surged, ecosystem hype cooled, price-volume divergence emerged, whales continued selling, and the bulls showed no ability to fight back. I flagged the risks in the chatroom in advance and notified everyone to set up short positions.
Opened at 0.02558, with current profit at 613.48%.
Trading is about taking profits while things are going well. Take profit on part of the position, and hold the rest with a stop-loss to capture further downside.
Don’t chase highs or the last leg of a move—only trade market conditions y
BICO0.92%
BTC10.25%
ETH17.52%
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#BTCETHReboundTradeIdeas Here are several trade ideas and setups based on a potential rebound for Bitcoin (BTC) and Ethereum (ETH).
⚠️ Crucial Disclaimer
These are educational trade ideas and market analyses, not financial advice. Cryptocurrency trading involves extreme risk. Always do your own research (DYOR), use proper risk management, and never invest money you cannot afford to lose.
Market Context for a Rebound
To execute a rebound trade, the market must show signs of exhaustion (sellers are running out of steam) and accumulation (buyers are stepping in at lower prices).
Before taking any
BTC10.24%
ETH17.48%
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MissNovaCrypto:
To The Moon 🌕
Solana, XRP prices jump 10% - Which altcoin has more upside left?
On Wednesday, the U.S. Spot SOL and XRP ETFs each received more than $2 million in daily net inflows. SOL and XRP exploded 10% due to a short-squeeze and broader market recovery.
XRP had more room for an extra 17.5% rally if Fed rate expectations favor bulls.#BTCBreaks71000Up10.5% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12% $SOL $XRP $SOL
SOL10.90%
XRP17.43%
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TxPoolObserver:
SOL has stronger ecosystem fundamentals, while XRP is just riding regulatory and interest-rate expectations. It’s already rebounded 10%—how much easy money is left to pick up later?
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$SOL IS FLYING HERE WE GO 🚀
I watched SOL reverse from the $72 zone, and now it has exploded above $82, pushing toward $88. Bulls are clearly in control here, and I’m watching for the next breakout.
SOL10.90%
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This is not bitcoin, Ethereum or even a memecoin. It’s the U.S. 30-year bond yield
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8.20 Gold Evening Review
The pullback-and-consolidation thesis from the midday review played out perfectly. Gold prices have continued to fluctuate lower, with the anticipated recovery pace and key support and resistance levels aligning closely with the market.
Technical analysis: The Bollinger Bands on the 30-minute and 1-hour charts continue to narrow and flatten. Gold is trading below the middle Bollinger Band, short-term bullish momentum has weakened, and the market has entered a high-level pullback and correction. The bullish trend on higher timeframes has not yet been completely broken.
GLDX0.70%
PAXG1.10%
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#TIA
Current outlook.
After breaking the downtrend of the past two years, it also tested the horizontal channel support that had formed over approximately one year and began moving upward with the ensuing rises.
If the rise continues, the channel resistance will be the first target.
After that, the upper levels I marked on the chart will be the sequential targets.
Continuing to monitor.
TIA6.88%
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This week, I made 4 U.S. stock market finance videos using CREAO, covering all the most noteworthy stories in the market
First, the content:
SpaceX’s lockup expiration released 910 million shares, and everyone was waiting to see the selling pressure. Instead, the stock rose 15.8% in a single day, recovering $87 billion in market cap
Lockup expiration doesn’t mean everyone sells. The market chose to believe
Atlassian surged 35% overnight. The parent company of Jira reported Q4 revenue above expectations, with EPS of 1.87 vs. the expected 1.50
Its first-ever GAAP profit
Another AI-related stock,
SPCX-2.55%
TEAM6.83%
SPX18.47%
NAS100-1.24%
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First day at @CoinfestAsia 2026
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Losing $12.3 billion in one quarter, OpenAI is setting investors' money off like fireworks.
Q2 revenue was $6.7 billion, up 18% quarter-on-quarter, which sounds good. But its operating loss was $12.3 billion, $3 billion more than the $9.3 billion loss in Q1 last year. Revenue rose 18%, while losses grew 32%, making the ROI (return on investment) negative—and increasingly so. In any traditional industry, a company like this would have been kicked out by investors long ago. But OpenAI is different: it's AI, it's OpenAI, it's Sam Altman—and so it can keep raising money, keep burning cash, and kee
NVDA-0.97%
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L2Scavenger:
Put plainly, OpenAI is currently being propped up by faith. The day capital loses faith, the director of this $12.3 billion fireworks display will have to be replaced.
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Although I sold too early, I still made money. Thanks $ETH for sponsoring a Beijing trip for my whole family! 🫣
ETH17.48%
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THIS IS WHY YOU NEVER TRUST AN OLD CRYPTO BOOKMARK. 😭
A user just lost 1,010 $ETH after using an old Tornado Cash link that redirected them to a phishing site.
The crazy part is the domain was actually tornado(.)cash.
It had expired after Tornado Cash failed to renew it amid OFAC sanctions, and an attacker reportedly took over the domain and put up a fake version of the site.
The victim clicked the old bookmark and within 12 hours more than 1,000 $ETH was gone.
And this apparently isn't an isolated attack.
The same group is alleged to have stolen nearly 4,000 ETH through similar phishing atta
ETH17.48%
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$UNITREE Stock Cools Off With Sharp Correction After Record IPO Debut
After Tuesday's explosive debut, Unitree's stock experienced significant profit-taking on August 20. In morning trading, the share price dropped by over 16%, hitting a low of 700 yuan, down from its opening price of 790 yuan . This pullback was seen as a natural market correction following the stock's staggering 460% close on its first day, during which it had opened 629% higher . Despite this drop, with a market cap around 2.9 trillion yuan, the company’s valuation still far exceeds its initial IPO pricing .#GateStockInsigh
UNITREE-17.11%
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RiskHedger:
Bagholders’ tears.
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Good morning frens 💙
just saw alphagems turned $1 into $1000 from an nft. Congratulations to them.
If you still didn't get a play like this, just stick around, keep clicking and the right opportunity will come to you
have a great day!
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