Gold is in a strong bullish trend. Don't be afraid of correction

The continuation of the Russia-Ukraine conflict and the breakdown of the truce agreement have further enhanced the safe-haven appeal of gold.
On Monday, the price of gold surged to around $3,427.
Under such a market rhythm, there is no room for hesitation; it is advisable to follow the trend.
Never entertain the idea of reversing your position.
After the sharp rise and breaking of the previous high in the early morning, it was necessary to go long on gold once again during the afternoon or the European trading session. We planned to enter a long position around $3,384 - $3,383 in the intraday trading, and currently, the price has reached the target level as expected.
In the subsequent period, the key focus can be on the secondary inflection point of the day, which is around $3,370 - $3,368. This is the last inflection point of the upward movement, and the double bottom of the uptrend is a position where going long is a must.
After a strong upward movement, it is not excluded that the price of gold may face technical pullback pressure, especially considering that the current indicators are all in an overbought state. Therefore, while following the trend, we also need to be vigilant against risks. Avoid chasing the price at high levels and refrain from placing reckless orders.
If you are currently not satisfied with your gold trading performance and hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!