🤯 #XAU 25/3
🟢XAu has reached the threshold of 4k6 as I expected, on average I have only made a profit of about 200$ /1ou. However, upon reaching the threshold of 4k6, this momentum shows that it cannot recover yet (unless there is some unexpected news, this can be identified as the price zone where gold may reverse downwards). It may test again 40xx-38xx one more time before truly returning to a bullish wave (or it must exceed 48x as I predicted for it to grow beyond 5k).
🟢Currently, news about the war no longer has much impact on gold.
🟢But the positive point is that gold has created a slight upward price structure in smaller time frames after surpassing the 450 zone.
🟢It is still unclear whether the zone we caught at 43 is the bottom or not, so let's play it safe for now. At least for those holding physical gold, they can consider locking in profits while keeping the principal or waiting to go back below 4k to buy more.
Personal perspective.
🟢XAu has reached the threshold of 4k6 as I expected, on average I have only made a profit of about 200$ /1ou. However, upon reaching the threshold of 4k6, this momentum shows that it cannot recover yet (unless there is some unexpected news, this can be identified as the price zone where gold may reverse downwards). It may test again 40xx-38xx one more time before truly returning to a bullish wave (or it must exceed 48x as I predicted for it to grow beyond 5k).
🟢Currently, news about the war no longer has much impact on gold.
🟢But the positive point is that gold has created a slight upward price structure in smaller time frames after surpassing the 450 zone.
🟢It is still unclear whether the zone we caught at 43 is the bottom or not, so let's play it safe for now. At least for those holding physical gold, they can consider locking in profits while keeping the principal or waiting to go back below 4k to buy more.
Personal perspective.