Now there's time to talk to everyone about the big yellow.
In the morning, there was a quick dip and rebound, and the price pierced through Friday’s high. On Friday, it went on an extremely strong continuation to rise within the day. This was the only instance during this upswing. And during the morning rise, the key dividing point was the morning low: 4595.
Is this about chasing the price?
1. After the morning push, it’s the morning low at the dividing line.
2. During the European session, the hourly chart printed consecutive bullish candles; before the U.S. session, a pullback happened, and then it kept rising into the U.S. session—so you can go long.
3. For now, in a high-volatility market, patience is crucial. There are opportunities everywhere, but in highly volatile swings, it’s very uncomfortable. One article can’t control multiple rounds of price action.
4. If, into the afternoon, it still remains at this price and continues with small, consecutive bullish candles, then for aggressive traders, you can go long—aiming to bet on the European-session upswing.
5. Or else, during the European session, don’t worry about it: after a big rise, you can go long again when there’s a pullback before the U.S. session.
6. With this kind of price action, don’t short. Don’t refuse to believe. Most of the time in trading, it’s basically “forced to death” by leverage.
$XAU
In the morning, there was a quick dip and rebound, and the price pierced through Friday’s high. On Friday, it went on an extremely strong continuation to rise within the day. This was the only instance during this upswing. And during the morning rise, the key dividing point was the morning low: 4595.
Is this about chasing the price?
1. After the morning push, it’s the morning low at the dividing line.
2. During the European session, the hourly chart printed consecutive bullish candles; before the U.S. session, a pullback happened, and then it kept rising into the U.S. session—so you can go long.
3. For now, in a high-volatility market, patience is crucial. There are opportunities everywhere, but in highly volatile swings, it’s very uncomfortable. One article can’t control multiple rounds of price action.
4. If, into the afternoon, it still remains at this price and continues with small, consecutive bullish candles, then for aggressive traders, you can go long—aiming to bet on the European-session upswing.
5. Or else, during the European session, don’t worry about it: after a big rise, you can go long again when there’s a pullback before the U.S. session.
6. With this kind of price action, don’t short. Don’t refuse to believe. Most of the time in trading, it’s basically “forced to death” by leverage.
$XAU
