Gold, I’ve recently been following gold, especially its fluctuating price action. Recent trades: I bought around $3,900, sold around $4,600, and also shorted around $4,600 (confirmed). I ultimately closed the position at the year’s opening price. After that, I did not open any new positions. You can look back at my earlier posts to review all trade records. Current thoughts: After gold drops to $4,250, I think sell-off pressure may increase, and the $4,110–$4,130 range could be tested. This zone is one of the areas where a new buying opportunity could be established in the short term. I believe that if gold breaks above the black dashed-line region, it could rise toward the $4,530–$4,550 area. If oil prices ($BCO.US ) keep falling (near $90), we may see the second scenario play out. If the market crashes, around $3,700 is another important area in which I would consider building a long-term position. The blue-box region and the institution-level annual opening price are currently a support area, suitable for investors looking to seek confirmation (validate) the structure.$BTC
