The clearest way to recall $XAU
Short selling: see two levels at 4540–4480
Short selling: see two levels at 4540–4480
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灯塔说
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Let’s talk about the trading plan:
Mainly it’s intraday—the trend is pretty obvious.
That earlier surge came out of nowhere; both the bears and the bulls were caught off guard.
Since July, we’ve been reminding everyone that 57K is the bottom—we’ve kept repeating the idea of favoring longs and buying on dips.
The main direction being bullish is correct; it shouldn’t cause my brothers and sisters who follow me to make a big mistake.
Right now, the short-term market is consolidating at high levels after a rapid surge. This kind of consolidation doesn’t suggest trying to “top-tick.”
If you really want to bet on the downside, then try to go short after each rapid new high—but this also depends on timing.
There are several situations where you can test and make mistakes, but this kind of left-side trading has pros and cons. (No further elaboration.)
Today, my BTC plan is to go long on a pullback around 774–768.
Gold shows an hourly-level reversal. In the near term, shorts are still the main focus; breaking to new highs is the stop-loss.
On the macro side, conditions are currently favorable. There’s no major negative news for now. The short-term negative is providing an opportunity for a pullback—it’s not a “top reversal” opportunity.
The only potential downside risk this week is the Fed Chair Powell’s speech at the Jackson Hole Global Central Bank Conference for the first time, on Friday.
For the swing trade: if it pulls back to 73K–72K, that would be another chance to get back in on BTC.
[The above is only my personal opinion and does not constitute any investment advice]
$BTC $XAU
Mainly it’s intraday—the trend is pretty obvious.
That earlier surge came out of nowhere; both the bears and the bulls were caught off guard.
Since July, we’ve been reminding everyone that 57K is the bottom—we’ve kept repeating the idea of favoring longs and buying on dips.
The main direction being bullish is correct; it shouldn’t cause my brothers and sisters who follow me to make a big mistake.
Right now, the short-term market is consolidating at high levels after a rapid surge. This kind of consolidation doesn’t suggest trying to “top-tick.”
If you really want to bet on the downside, then try to go short after each rapid new high—but this also depends on timing.
There are several situations where you can test and make mistakes, but this kind of left-side trading has pros and cons. (No further elaboration.)
Today, my BTC plan is to go long on a pullback around 774–768.
Gold shows an hourly-level reversal. In the near term, shorts are still the main focus; breaking to new highs is the stop-loss.
On the macro side, conditions are currently favorable. There’s no major negative news for now. The short-term negative is providing an opportunity for a pullback—it’s not a “top reversal” opportunity.
The only potential downside risk this week is the Fed Chair Powell’s speech at the Jackson Hole Global Central Bank Conference for the first time, on Friday.
For the swing trade: if it pulls back to 73K–72K, that would be another chance to get back in on BTC.
[The above is only my personal opinion and does not constitute any investment advice]
$BTC $XAU