Let your heart grow into a great tree; do not compete with the grass. Do not be trapped by trivialities or disturbed by idle talk. Put down deep roots and grow upward. Wait quietly for lush branches and leaves, and a gentle breeze will come to rest among them; the mountains and rivers will echo.
On Wednesday, gold was hit by the overnight CPI release and dipped to 4073, then buying came in and drove it back up to 4108, beginning a recovery after the sharp drop.
$XAUT On Thursday, our partners stayed close to the market and used support as a basis for entering long positions. Both trades reached their targets smoothly, capturing the upside!
On the daily chart, gold did not make a new low after its deep decline and held above 4100. Buying support below remains strong, bearish momentum has faded, and the market has shifted from a one-way decline to a consolidating recovery. A long lower wick has appeared, and the market’s center of gravity is gradually rising. There is still resistance overhead, but prices have quickly bounced back after pullbacks, showing signs of recovery. With gold holding above 4100, bulls can continue to test higher levels. The overall strategy is to buy on dips. Wait for a pullback to stabilize before entering with a small position; target the resistance levels and place a protective stop below this round’s low.
Morning gold: look to buy around 4090–4102, with targets around 4130–4150.
On Wednesday, gold was hit by the overnight CPI release and dipped to 4073, then buying came in and drove it back up to 4108, beginning a recovery after the sharp drop.
$XAUT On Thursday, our partners stayed close to the market and used support as a basis for entering long positions. Both trades reached their targets smoothly, capturing the upside!
On the daily chart, gold did not make a new low after its deep decline and held above 4100. Buying support below remains strong, bearish momentum has faded, and the market has shifted from a one-way decline to a consolidating recovery. A long lower wick has appeared, and the market’s center of gravity is gradually rising. There is still resistance overhead, but prices have quickly bounced back after pullbacks, showing signs of recovery. With gold holding above 4100, bulls can continue to test higher levels. The overall strategy is to buy on dips. Wait for a pullback to stabilize before entering with a small position; target the resistance levels and place a protective stop below this round’s low.
Morning gold: look to buy around 4090–4102, with targets around 4130–4150.