Gold, weekend positive news + technical support, the probability of gold breaking through 4580 is quite high, but in reality, it hasn't broken through. Fortunately, there was no false breakout either, so this wave can be considered a narrow escape. Technically, whether this breakout occurs or not, it actually looks like a breakdown, so we should turn around.



Of course, it could also be a consolidation. Recently, everyone has seen that gold's continuation trend isn't very good, mostly consolidating for a few days, with a wave completing in 2-3 days, not giving you a second entry opportunity. If it does, it's actually a trap.

Based on the reference image's viewpoint, make your own plan and set proper stop-losses. Don't have obsessions when trading.
GLDX-1.34%
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