One important lesson when trading Gold is: don’t enter just because price is moving. Wait for confirmation.
In this setup, price first moved down and found support around the 4399–4410 area. Instead of immediately buying, we can watch for:
1️⃣ Support reaction — price rejects the lower zone. 2️⃣ Bullish candles — buyers begin showing strength. 3️⃣ Structure shift — price starts making higher highs and higher lows. 4️⃣ Zone reclaim — price moves back above the previous resistance area. 5️⃣ Target planning — the next major resistance around 4450 becomes a possible target.
💡 The lesson: A good BUY setup is not simply “price is going up.” You want to see support + rejection + confirmation + structure before considering an entry.
Always manage your risk. No setup is guaranteed. 📊
Chinese version below) Too many people try to over-interpret “what does it mean?” I was testing Trust Wallet today. And saw too many meme coins in the wallet clustering the interface, to the point it was hard for me to find BNB, so I tried to burn some tokens. Even that caused many community discussions. Then I realized that I will never be able to “clean out” meme coins on the address. The more I burn them, the more people will send meme coins to the address. The natural transparency of the blockchain means any interaction with this address will be over-interpreted by the community. I even thought of requesting the Trust Wallet team to implement an “Ignore Coin” feature to avoid the clutter, but that feature will not be needed by 99.99% of people. Here is the plan: I will donate/send the BNB and 币安人生 (that was bought using BNB) tokens to Giggle Academy. Then I will stop using this address. It will effectively be a burn address. #ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #SECCancelsCryptoRulemakingMeeting