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Local Opening/First Match: June 11, 2026
Beijing Time for First Match: June 12, 03:00 Mexico vs South Africa
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Gold just broke below the 200-day moving average, I'm watching my holdings and suddenly feeling a bit uneasy.
At nine in the morning, I opened the market as usual. In the gold section, the red numbers stunned me for a few seconds: $4,289, breaking below the 200-day moving average. This is the first time gold has closed below the 200-day moving average since October 2023, down over 20% from its historical peak of $5,600 in January, officially entering a technical bear market. My first reaction wasn't to study gold, but to immediately check my BTC positions. Because I remember the last time gold had issues, BTC took a hit too.
Looking back at history, that 'last time' happened in 2022. At that time, the Fed aggressively hiked rates, the dollar index surged past 114, gold plummeted from $2,070 to $1,620, a drop of 22%. BTC fell 75% that year, crashing from $47,000 to $16,000.
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Current Status LAB is trading at **$12.82**, down 3.08% on the day. The token recently surged from a low of $3.50 to a peak of $27.95, and is now in a healthy correction phase.
Technical View The price is holding just above the **EMA(7) at $12.40**, which is acting as short-term support. The next major support is the EMA(25) near $9.00. A bounce here with increased volume could retest the $18.27 resistance level.
Critical Risks Despite the bullish chart, fundamental data warns of danger:
Strategy With only 21,000 holders and $8.89M liquidity, LAB is highly volatile. Wait for a confirmed close above **$13.50** before entering. Use a tight stop-loss at $11.50. Do not hold long-term due to the high FDV and low holder count. $LAB CMT "L0n9 71m3 H0ld"
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