In the past two days, silver has risen from 67.72 to 76.10, and just now it has dropped back to 69.72.
Gold has risen from 4419.21 to 4794.47, and just now it has dropped back to 4557.6.
What the market loves to clean up
is not those who misjudge the direction
but those who get excited and increase their positions.
Today they shout for the peak, tomorrow they shout for the bottom.
Once volatility comes, orders die first.
That's not called trading, that's called gambling.
I don't gamble on one side.
I only wait for the price to return to its natural zone.
If it reaches the target, I will trade; if not, I won't chase, no FOMO.
Currently, the market situation
is no longer about who rebounds first,
but who can reclaim the key support first.
Gold seems more like a pullback confirmation after a high-level rhythm is interrupted,
silver seems more like a weak recovery after a breakdown.
I will focus on these zones.
$XAUUSDT
Upper: 4640—4665 / 4675—4710 / 4725—4760 / 4780—4820 / 4835—4885
Lower: 4620—4600 / 4585—4555 / 4535—4500 / 4480—4450 / 4420—4380
My observation
As long as 4620—4600 holds,
it looks more like a high-level fluctuation, not directly turning weak.
But if it really wants to rewrite stronger,
it at least needs to reclaim 4675—4710 first.
$XAGUSDT
Upper: 71.90—72.30 / 72.60—73.10 / 73.40—74.00 / 74.40—75.10 / 75.60—76.30
Lower: 71.20—70.80 / 70.30—69.70 / 69.20—68.50 / 67.80—67.00 / 66.20—65.00
My observation
The most critical point for silver now
is not how much it has bounced,
but whether 71.20—70.80 can hold, and whether it can stand back at around 72.
If it can't stand back, it's still a weak recovery.
If it stands back, it qualifies to touch the top again.
So for this wave, I'm not in a hurry to write one-sided positions.
I will first observe the support
and then see if there will be a second pricing.
Leave a comment
Who do you think will reclaim the rhythm first,
will it be gold or silver?
$XAU $XAG $XAUT #xagusdt
Gold has risen from 4419.21 to 4794.47, and just now it has dropped back to 4557.6.
What the market loves to clean up
is not those who misjudge the direction
but those who get excited and increase their positions.
Today they shout for the peak, tomorrow they shout for the bottom.
Once volatility comes, orders die first.
That's not called trading, that's called gambling.
I don't gamble on one side.
I only wait for the price to return to its natural zone.
If it reaches the target, I will trade; if not, I won't chase, no FOMO.
Currently, the market situation
is no longer about who rebounds first,
but who can reclaim the key support first.
Gold seems more like a pullback confirmation after a high-level rhythm is interrupted,
silver seems more like a weak recovery after a breakdown.
I will focus on these zones.
$XAUUSDT
Upper: 4640—4665 / 4675—4710 / 4725—4760 / 4780—4820 / 4835—4885
Lower: 4620—4600 / 4585—4555 / 4535—4500 / 4480—4450 / 4420—4380
My observation
As long as 4620—4600 holds,
it looks more like a high-level fluctuation, not directly turning weak.
But if it really wants to rewrite stronger,
it at least needs to reclaim 4675—4710 first.
$XAGUSDT
Upper: 71.90—72.30 / 72.60—73.10 / 73.40—74.00 / 74.40—75.10 / 75.60—76.30
Lower: 71.20—70.80 / 70.30—69.70 / 69.20—68.50 / 67.80—67.00 / 66.20—65.00
My observation
The most critical point for silver now
is not how much it has bounced,
but whether 71.20—70.80 can hold, and whether it can stand back at around 72.
If it can't stand back, it's still a weak recovery.
If it stands back, it qualifies to touch the top again.
So for this wave, I'm not in a hurry to write one-sided positions.
I will first observe the support
and then see if there will be a second pricing.
Leave a comment
Who do you think will reclaim the rhythm first,
will it be gold or silver?
$XAU $XAG $XAUT #xagusdt