Gold's lows are moving upwards, and the bearish space is starting to be limited
Just in place, this gold seems to have to be empty, but do it a little passive, I don't know if you have this feeling, when a transaction makes you start to entangle, you have to think about whether it is necessary to do it, or whether it is cost-effective, we all know that gold fell last night, but finally in 2025 began to rebound, compared to Monday's low, the price has risen by about 10 US dollars, so is it possible to 2030 today? In this case, you may only make a profit of about $10 from the current price.
Taking this space as a benchmark, it will be more rational to consider your entry position, regardless of whether there will be a big decline, because all of us have already tacitly accepted that the big market will break out in the PCE on Thursday, and will not over-speculate in advance, and one point, don't dislike that $10 is very small, because the fluctuation space of gold at this stage is very poor, even if you are long, you should give the lowest low point of 2030 today, right? Do you see that there is a profit of $10 now? Under the premise that gold will not rise further, so we are just responding to the transaction with a posture of rushing up and falling, not touching the top, and not having too many illusions about the market.
From a technical point of view, this wave of the right side of the pull up is actually reasonable, your weekly high is in 2041, but I never said that this is the top, because it does not have the conditions to directly confirm the top, the first decline is not big enough, the second fall time is not long enough, can not change the rhythm from the cycle and trend, you just look at this equidistant channel, from now on it is still an upward trend, if today's high can work, and also fell to the bottom of the trend line near the bottom of the line, then the next day there is still a probability of turning down, after all, you fall at a high level, but this is a follow-up thing。
Now we have to complete and confirm only the first step, down!ok, confirm the main idea and purpose of the transaction, then don't be entangled, 2038 near the direct participation in the entry, look at a wave of $8 decline short-term demand, in order to prevent the market from continuing to rise, do not easily put the retracement in the 40 position, a little up with a belt, such as 45, so that it can be a little safer.
Disclaimer: There will be a lag in the update of the article, and it needs to be judged based on the actual situation
This article only represents personal views and is for reference only, investment is risky, and you need to be cautious when entering the market