Today’s gold market trend is quite typical:



Early trading is weak: it drops right after opening under pressure;

After 8:30, it slows down its decline: not accelerating the sell-off, but drifting downward gradually;

The 1-hour chart returns to the mean: the price is slowly approaching the moving average, as the bulls and bears are rebalancing.

This kind of indecisive point, frankly, is the market shaking out and consolidating. The trend is unclear, and the upside and downside potentials are limited.

When encountering this “free oscillation” frustrating market, controlling your hands is more important than reckless trading.

Rather than getting beaten up by noise back and forth, it’s better to step back and be a spectator. Watching from the sidelines is often a high-level trading art.

☕️ Have a cup of tea, wait until the direction is clear before acting! What do you all think about today’s market? Feel free to share in the comments section 👇
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