Follow the money, not the talk:
“Daughter buys 100,000 yuan worth of gold for her parents as gold prices fall” has been trending, and $PAXG , linked to gold price movements, has resurfaced.
Trending topics usually attract short-term capital: it moves in quickly and pulls out just as fast. To gauge whether big money will enter the market, watch two things: whether trading volume can stay elevated for several hours (currently $18.01 million over 24 hours), and whether there is a concentration of aggressive buy orders.
This is a personal opinion, not specific investment advice.
“Daughter buys 100,000 yuan worth of gold for her parents as gold prices fall” has been trending, and $PAXG , linked to gold price movements, has resurfaced.
Trending topics usually attract short-term capital: it moves in quickly and pulls out just as fast. To gauge whether big money will enter the market, watch two things: whether trading volume can stay elevated for several hours (currently $18.01 million over 24 hours), and whether there is a concentration of aggressive buy orders.
This is a personal opinion, not specific investment advice.