In the 1-hour chart, the Asian session continues to rise with $3985 as support. A quick pullback would be an opportunity to buy in. Unless the Asian session decline continues in the European session and then in the US session, or if the Asian session breaks the bottom in the European session and fails to continue in the US session, don't try to bet on a pullback; instead, follow the trend.
Secondly, give up on speculating on the top. Currently, the strong upward trend remains unchanged on both the daily and 4-hour charts. Even after breaking through $4000 in the short term, there's still no sign of an end. While bullish, be wary of pullbacks. In other words, be prepared for a pullback and avoid chasing orders.
If the pullback approaches the $4000-3980 range, buy long. If the European session's strength doesn't offer opportunities, and there are further pullbacks before the US market opens, keep an eye on $4030-4050.
Secondly, give up on speculating on the top. Currently, the strong upward trend remains unchanged on both the daily and 4-hour charts. Even after breaking through $4000 in the short term, there's still no sign of an end. While bullish, be wary of pullbacks. In other words, be prepared for a pullback and avoid chasing orders.
If the pullback approaches the $4000-3980 range, buy long. If the European session's strength doesn't offer opportunities, and there are further pullbacks before the US market opens, keep an eye on $4030-4050.
Trade active
The Fed's interest rate cut in October is still a favorable factor for gold to rise under the market consensus. The US government shutdown will also further push up gold prices. $4,000 is an integer mark but not the top.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.