Tonight’s gold trading logic recap:


In the evening, we placed a sell at 4000 and successfully saw a drop to 3960, taking profit of 40 points 🥩. After that, the market bottomed and rebounded, returning to that range; being too early to look for shorts can lead to getting squeezed by a spike, and waiting endlessly for a level may also cause you to miss the move and watch the market drop again.
4010-4020 remains the core observation range for bears. With the current range-bound tug-of-war, don’t chase longs. Chasing single-direction entries can easily cause repeated losses and cause you to miss the next trend window.
PAXG0.67%
XAU0.71%
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