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joined discussion · Aug 10 10:24
$XAU/USD (XAUUSD.CFD)$ The market always weeds out those who overcomplicate their stance: pullbacks occur within trends, and riding the trend reigns supreme
Gold rebounded after testing lows in the early session: all short positions at 4325/37 were filled, currently showing a small loss
Bing Ge reiterates: current geopolitical tensions and rate hikes have already been fully priced in; technical indicators show prior downside pressure has now turned into upside support
While prices rise, allow some time for indicators to recover. Currently, trading remains centered around the upper channel of the 4-hour chart, with attention on the 4-hour MA10 as key support for defense
$XAU/USD (XAUUSD.CFD)$ The market always weeds out those who overcomplicate their stance: pullbacks occur within trends, and riding the trend reigns supreme Gold rebounded after testing lows in the early session: all short positions at 4325/37 were filled, currently showing a small loss Bing Ge reiterates: current geopolitical tensions and rate hikes have already been fully priced in; technical indicators show prior downside pressure has now turned into upside support While prices rise, allow some time for indicators to recover. Currently, trading remains centered around the upper channel of the 4-hour chart, with attention on the 4-hour MA10 as key support for defense
$XAU/USD (XAUUSD.CFD)$ The market always weeds out those who overcomplicate their stance: pullbacks occur within trends, and riding the trend reigns supreme Gold rebounded after testing lows in the early session: all short positions at 4325/37 were filled, currently showing a small loss Bing Ge reiterates: current geopolitical tensions and rate hikes have already been fully priced in; technical indicators show prior downside pressure has now turned into upside support While prices rise, allow some time for indicators to recover. Currently, trading remains centered around the upper channel of the 4-hour chart, with attention on the 4-hour MA10 as key support for defense
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