The gold price of 2900 has broken, but there is still a high point above it!

2025-02-11 1414

Since the Spring Festival until now, there have been no 30 prompts to go long and bullish on gold, but there have been 29. But there are still bearish voices in the market, thinking that it's time for a correction after reaching this point. Prices are already so high, so they should have fallen. It is this habitual lucky mentality that has led to losses in the current sustained gains.

As the saying goes, never underestimate the height of the market. You can look back at the past. When the price of gold was at 2500/2400, there were voices in the market predicting that gold would reach a price of 3000 US dollars in the future. Perhaps many people did not agree with it at the time, but now they look back and it is about to be realized. Perhaps if such voices appear in situations where you find it unbelievable and disagree, you should be alert and think about why large institutions have such ideas and insights. They are not groundless or groundless. Predictions that are based on reason and evidence should prompt us to think deeply and take them seriously. If we valued such insights, we might have made a lot of money now. Pay attention to trends, follow market trends, and follow the pace of the market to reap the dividends of the trend market!

The market has risen, and if you know you want to buy, can you still buy at the current price. What I want to say is that you can buy, you can still buy, you can still buy, and it's never too late to get on the bus anytime. Why do you say that? It's because the market trend hasn't finished yet, and there are still high points after the high point. Will the price be too high, worried about a pullback, and worried about the risk of losses from a pullback when buying at a high point? Undoubtedly, buying at a high point is such a concern now, and the more you hesitate, the more you miss the opportunity. The high price can only mean that the opportunity to buy now is not as profitable as buying at the low point, but there is still a high probability of making a profit. Don't wait until the price rises again before regretting.

Without hindering the market's bearish sentiment, as prices continue to rise, the voices of bears will become less and less. If the direction is wrong, the market will give a warning, and timely reversal of direction is still profitable. Before the trend market is over, it is still the case that following the trend is king. Too many lessons have given us enough to try and refer to!

In response to the current market situation, we have followed one sentence: buy when the market rises, not when it falls. When the market rises, we know to buy. It is still not too late, but the profit margin we see is not as large as entering the market at a low level. Therefore, in the future, we should treat the market as bullish, with more opportunities for retracement. We should not give aggressive retracement before and after the European market. We should follow the trend and not easily participate in short selling against the trend.

Last time, there was a lot of bullish sentiment, and the retracement point was expected to be around the 2896/97 line in the morning before the market opened. However, when the market opened, there was a direct upward trend, and the retracement focus was on opportunities near the recommended multiple entry point of 2910/07. Give more opportunities to participate in the hourly line, and if you don't give a chance to step back in the afternoon, actively participate and continue to watch the top line!

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