Today's Strategy Summary (10.12)
Gold traded lower after coming under pressure throughout the day, reinforcing the principle of not chasing highs. The expected pattern played out in sequence from morning to afternoon and evening: midday consolidation near the highs shook out positions, the morning rally ran out of momentum, and prices pulled back steadily after meeting resistance on the evening push higher. The market moved smoothly and consistently all day, with losses unfolding at a measured pace. The core rule of not chasing highs aligned perfectly with price action. For now, continue to watch and wait.
$XAU
Gold traded lower after coming under pressure throughout the day, reinforcing the principle of not chasing highs. The expected pattern played out in sequence from morning to afternoon and evening: midday consolidation near the highs shook out positions, the morning rally ran out of momentum, and prices pulled back steadily after meeting resistance on the evening push higher. The market moved smoothly and consistently all day, with losses unfolding at a measured pace. The core rule of not chasing highs aligned perfectly with price action. For now, continue to watch and wait.
$XAU