Gold has staged a "buy the rumor, sell the fact" move. The U.S. nonfarm payrolls data was bullish for gold, yet gold plummeted after the data release. There’s no need for confusion—it’s not as you might think, that bullish data means the price rises and bearish data means it falls. If it were that simple, everyone would be making money.
Data and fundamentals are reflected in prices, but such reflections can be ahead of time, lagging, exceeding expectations, or falling short of expectations. Judging which scenario it is depends solely on the historical database one has accumulated and long-term real-trading experience.
Today, I added to my gold positions twice and am still holding them. Even if the price falls further, my profits won’t decrease. This is because I believe today’s decline is most likely a result of some profit-taking traders closing their positions on the opportunity—after all, there have been no major bearish factors in the fundamentals yet. Whether a daily-level correction will occur still requires further observation. After all, since the rally started on August 20, there has been no real daily-level correction except for the sharp intraday pullback on September 4, and a correction would actually make the trend healthier.
The period from now to next week is a critical short-term window for gold. I will closely track and analyze the market every day. If you lose your direction in such a market, you can follow me or leave me a message.
Data and fundamentals are reflected in prices, but such reflections can be ahead of time, lagging, exceeding expectations, or falling short of expectations. Judging which scenario it is depends solely on the historical database one has accumulated and long-term real-trading experience.
Today, I added to my gold positions twice and am still holding them. Even if the price falls further, my profits won’t decrease. This is because I believe today’s decline is most likely a result of some profit-taking traders closing their positions on the opportunity—after all, there have been no major bearish factors in the fundamentals yet. Whether a daily-level correction will occur still requires further observation. After all, since the rally started on August 20, there has been no real daily-level correction except for the sharp intraday pullback on September 4, and a correction would actually make the trend healthier.
The period from now to next week is a critical short-term window for gold. I will closely track and analyze the market every day. If you lose your direction in such a market, you can follow me or leave me a message.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.