Brothers, we've been buying gold all the way up from 3350 to 3697. While our take-profit points aren't ideal, the general direction is correct, ensuring we won't be crushed by the market. Trend is king; go with the flow. When you trade with the trend, it feels effortless; when you fight it, everything turns messy.
I know full well that when gold was surging, many of you didn’t dare to chase the rally. There were also friends stuck in losing positions, fixated on articles that called for shorting, while pieces advocating going long were ignored. But here’s a key point: the market won’t change because of your personal emotions.
After days of consecutive consolidation, gold has held firm above the strong support at $3,600. A powerful bull market only requires courage and conviction. The prerequisite for a trend reversal is the breakdown of a key top-bottom conversion level.
The hourly moving average has formed a golden cross and bullish formation, further expanding the upside potential for gold. Gold continues to hit new highs and higher lows, clearly maintaining a bullish trend. However, as the Federal Reserve's monetary policy announcement draws closer, while considering the possibility of "buying in anticipation and selling in reality," and in order to control risk, everyone should exercise caution when chasing high prices. There is no obvious pressure from the top, and we need to pay attention to the recent top and bottom conversion position of 3658-3662. Before falling below this position, the market will remain strong.
I know full well that when gold was surging, many of you didn’t dare to chase the rally. There were also friends stuck in losing positions, fixated on articles that called for shorting, while pieces advocating going long were ignored. But here’s a key point: the market won’t change because of your personal emotions.
After days of consecutive consolidation, gold has held firm above the strong support at $3,600. A powerful bull market only requires courage and conviction. The prerequisite for a trend reversal is the breakdown of a key top-bottom conversion level.
The hourly moving average has formed a golden cross and bullish formation, further expanding the upside potential for gold. Gold continues to hit new highs and higher lows, clearly maintaining a bullish trend. However, as the Federal Reserve's monetary policy announcement draws closer, while considering the possibility of "buying in anticipation and selling in reality," and in order to control risk, everyone should exercise caution when chasing high prices. There is no obvious pressure from the top, and we need to pay attention to the recent top and bottom conversion position of 3658-3662. Before falling below this position, the market will remain strong.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.