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Post sent to everyone on July 3rd: Gold was around 4180 at that time, told you not to chase longs!
Upper resistance levels 4205-4230
If you don't have long positions, the risk-reward ratio of chasing longs at this level is not favorable.
If you want to go short, also wait for confirmation at key levels.
As expected
How did gold move today?
Did it just fluctuate around the resistance levels? Are those who chased longs trapped?
If you read my post,
you would absolutely not chase longs around 4180.
If you chased, it means you didn't read,
or you read but didn't believe.
Don't blame the market,
blame yourself for not carefully reading my post.
Price levels first, trend second.
The eight-word mantra of Chan Theory technology: Level, Structure, Strength, Divergence.