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International spot gold failed to break through $3,500 per ounce on April 22 last year, after which it underwent a consolidation period lasting 4 months. It wasn't until August 20 that it gradually started climbing, taking more than 5 months to reach a historical high of $5,596.74 per ounce. The gains reached as high as 67%.
Friends who participate in the stock market know the saying: "The longer the consolidation, the higher the rally."
So I ask: without that initial 4-month consolidation period, how could the subsequent rise possibly have been so magnificent?
Currently, gold prices are at their all-time highest levels, coupled with the world facing an unprecedented number of challenges and crises. We're also facing a once-in-a-century major historical transition in the shift between old and new world orders. Therefore, if any incomprehensible events occur globally(such as the bizarre phenomenon of gold actually declining during times of war), I believe all of this is understandable.
The key question is: in the midst of such unpredictable fog, how do we respond and position ourselves? This is worth each person's careful consideration.
As for me? When others are fearful, I am greedy! That is my strategy!#加密行情震荡