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Today's gold price drop is crucial.
The magnitude and pace of the decline will directly determine whether it can effectively break the bullish structure on the 4-hour chart.
Once the bullish structure is broken, it signifies a shift in trend momentum, strengthening the expectation of further shorting and a downward trend…
Therefore, right now it's not just about being bearish, but also about observing how it falls. This will determine whether to enter the next trade and the size of the position… Starting to make a wish 🙏

百萬Eric | Day Trader
@CycleStudies
02-04
做空黄金的信号(普通超买)已经出现,但理想的位置还没到。
我更想等它反弹到5200附近再考虑动手。
信号是提醒,位置才是关键,不到赔率舒服的区域,宁可多看一会儿。 x.com/CycleStudies/s…


It will either fall from here,
or it will correct slightly before falling again,
or it will reach a new high before falling again.
Once it has acquired speculative characteristics... it will definitely fall.
死缓啊。
Hahahaha, I can't laugh anymore!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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