Perfect execution—there's still 146 points of room, even with hindsight!
Earlier, we predicted the Fed would raise rates defensively to prevent further tightening, so the market would move down first and then rise.
Here's a long setup idea around 4225—remind that shorts should be only for short-term trades; don’t get stuck in the position.
After the gold price hit a low and rebounded as expected, it launched a counterattack on schedule. Even if we didn’t catch the exact bottom, by following the trend we can still capture plenty of 100-point swings. Direction is always more important than the precise entry price.
Earlier, we predicted the Fed would raise rates defensively to prevent further tightening, so the market would move down first and then rise.
Here's a long setup idea around 4225—remind that shorts should be only for short-term trades; don’t get stuck in the position.
After the gold price hit a low and rebounded as expected, it launched a counterattack on schedule. Even if we didn’t catch the exact bottom, by following the trend we can still capture plenty of 100-point swings. Direction is always more important than the precise entry price.
