I've been closely watching this recent gold trend for a while. From a technical perspective, it's quite interesting. This wave correction has already completed the A-B-C corrective wave, and is now at the position of the upward trendline. A new five-wave upward structure has already begun.
Specifically, the breakout of wave (1) has been confirmed, and the subsequent pullback will be an entry opportunity. Once the pullback is confirmed at the support level, the main upward movement of wave (3) will be quite vigorous, representing the most explosive part of the entire trend. The target area above will be near the pressure zone around the trendline.
From a trading perspective, my plan is to wait for the pullback to complete, then gradually enter positions near the support level, with stop-loss set below the trendline. I’ve reviewed this bullish strategy in my mind, and now it’s up to the market to validate it. As a traditional safe-haven asset, gold is also worth paying attention to in the current macro environment.
It should be noted that the above is only a personal technical analysis and does not constitute any investment advice. The market always carries risks, and trading operations should be approached with caution.
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GateUser-e19e9c10
· 7h ago
If the third wave really comes, gold will take off. I'm just worried it might be a false alarm again.
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BearMarketSurvivor
· 7h ago
Honestly, looking at this wave of gold price movement, if the third wave is to rise, it will really go crazy.
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Inflation expectations have weakened, gold is in favor, and the logic makes sense.
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It's better to wait for support levels to be confirmed before going long; don't rush to chase the high.
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Gradually building positions is indeed more stable and much less stressful than all-in.
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Finished A-B-C? Then it's time to watch the wave 5 performance.
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Core inflation isn't as high as expected, which is really a positive for gold.
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Once wave 3 starts, setting a stop-loss below the trendline is enough; don't get shaken out.
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I'm also waiting for that retracement opportunity. Not entering now just means I'm waiting for this.
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Safe-haven assets have been hot recently, and the chaos in US bonds is also pushing up gold prices.
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The technicals look great, but we still need to see how the Federal Reserve will play it next.
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OffchainOracle
· 7h ago
Weak core inflation expectations open up room for gold to rise, and I’m also watching this wave logic.
Wait for a pullback to enter; the third wave is coming, and it might be really fierce this time.
Gold remains the first choice for safe-haven assets; there’s nothing else in the macro environment.
Confirm the support level on the pullback before taking action; don’t be too hasty.
After completing the A-B-C correction, the five-wave structure has a familiar feel... Can it break the previous high this time?
Stuck near the trendline, the pressure looks quite strong.
Batching into positions with this approach is good; set your stop-loss properly, and your sleep quality will improve.
The gold bulls haven’t run away; it all depends on when the market will verify this logic.
#美国核心物价涨幅不及市场预估 The bullish pattern for gold is taking shape
I've been closely watching this recent gold trend for a while. From a technical perspective, it's quite interesting. This wave correction has already completed the A-B-C corrective wave, and is now at the position of the upward trendline. A new five-wave upward structure has already begun.
Specifically, the breakout of wave (1) has been confirmed, and the subsequent pullback will be an entry opportunity. Once the pullback is confirmed at the support level, the main upward movement of wave (3) will be quite vigorous, representing the most explosive part of the entire trend. The target area above will be near the pressure zone around the trendline.
From a trading perspective, my plan is to wait for the pullback to complete, then gradually enter positions near the support level, with stop-loss set below the trendline. I’ve reviewed this bullish strategy in my mind, and now it’s up to the market to validate it. As a traditional safe-haven asset, gold is also worth paying attention to in the current macro environment.
It should be noted that the above is only a personal technical analysis and does not constitute any investment advice. The market always carries risks, and trading operations should be approached with caution.