August 25, gold, don’t blindly chase the highs. Today focus on a run-up followed by a pullback
Lately, gold has been climbing steadily upward. The larger trend is indeed still bullish, but in the short term it’s risen too fast—indicators are already clearly overbought.
Today there isn’t any major high-impact data to further propel the move. Many of the longs who entered earlier already have substantial profits, and many people will choose to take profit and exit.
As for my own view, today the higher probability is a push higher followed by a sideways-to-lower consolidation pullback.
This doesn’t necessarily mean an immediate full reversal and a big selloff, or even after a strong rally a “normal” pullback to digest gains.
But there’s a prerequisite: if the price can directly hold above 4680 and keep making new highs, then this pullback-based idea is invalid—don’t stubbornly fight the direction.
Practical trading is only suitable for short-term, light positions.
Short setup: the 4660–4670 range; only enter if it can’t push higher
Stop-loss (defense): above 4685
First take-profit: 4640
Second take-profit: 4620
If you can’t make sense of the chart, simply stand aside—there’s no need to force a trade.
⚠️This is only the sharing of personal trading thoughts, not investment advice.
$XAU #黄金
Lately, gold has been climbing steadily upward. The larger trend is indeed still bullish, but in the short term it’s risen too fast—indicators are already clearly overbought.
Today there isn’t any major high-impact data to further propel the move. Many of the longs who entered earlier already have substantial profits, and many people will choose to take profit and exit.
As for my own view, today the higher probability is a push higher followed by a sideways-to-lower consolidation pullback.
This doesn’t necessarily mean an immediate full reversal and a big selloff, or even after a strong rally a “normal” pullback to digest gains.
But there’s a prerequisite: if the price can directly hold above 4680 and keep making new highs, then this pullback-based idea is invalid—don’t stubbornly fight the direction.
Practical trading is only suitable for short-term, light positions.
Short setup: the 4660–4670 range; only enter if it can’t push higher
Stop-loss (defense): above 4685
First take-profit: 4640
Second take-profit: 4620
If you can’t make sense of the chart, simply stand aside—there’s no need to force a trade.
⚠️This is only the sharing of personal trading thoughts, not investment advice.
$XAU #黄金
