My recommendation is to wait for at least a 4H oscillation range breakout before entering. Looking at the current daily K-line chart, the strong downtrend makes entering from the left side too risky. Most people here are probably not dollar-cost averaging gold, but rather trading futures contracts, so the leverage multiplier is likely not low.
For $XAU (Gold)
My recommendation is to wait for at least a 4H oscillation range breakout before entering.
Looking at the current daily K-line chart, the strong downtrend makes entering from the left side too risky.
Most people here are probably not dollar-cost averaging gold, but rather trading futures contracts, so the leverage multiplier is likely not low.