Over the past two trading days, the international gold price has exhibited a strong breakout momentum, successfully moving above the upper edge of the consolidation range it had maintained for as long as four months. This trend is fully consistent with our recent analytical view that "bulls are accumulating strength for a breakout".
From the perspective of market performance, the current gold price is in a clearly strong upward cycle. Just as the trading logic we have repeatedly emphasized goes – "A strong trend sees no correction; a correction indicates a lack of strength": In a trending upward market, if the price consistently trades at a high level with extremely shallow corrections, it precisely signals sufficient bullish momentum. On the contrary, if an unexpected deep correction occurs, it will not only disrupt the current strong rhythm but also may dampen the market's confidence in going long, thereby exerting a substantial impact on the bullish trend.
Therefore, our core operating strategy remains unchanged: we will not blindly chase the rally. Instead, we will patiently wait for the price to retrace to the key support level before deploying long positions in line with the trend. This approach not only aligns with the current trend direction but also enables better control of entry risks.
From the perspective of market performance, the current gold price is in a clearly strong upward cycle. Just as the trading logic we have repeatedly emphasized goes – "A strong trend sees no correction; a correction indicates a lack of strength": In a trending upward market, if the price consistently trades at a high level with extremely shallow corrections, it precisely signals sufficient bullish momentum. On the contrary, if an unexpected deep correction occurs, it will not only disrupt the current strong rhythm but also may dampen the market's confidence in going long, thereby exerting a substantial impact on the bullish trend.
Therefore, our core operating strategy remains unchanged: we will not blindly chase the rally. Instead, we will patiently wait for the price to retrace to the key support level before deploying long positions in line with the trend. This approach not only aligns with the current trend direction but also enables better control of entry risks.
There is no code for getting rich overnight in the market; there is only the logic of getting rich gradually t.me/GoldBitcoinSharing
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.
There is no code for getting rich overnight in the market; there is only the logic of getting rich gradually t.me/GoldBitcoinSharing
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.