A pullback with a pause, yet the uptrend remains unchanged.

73
The higher the gold price climbs, the more hesitant people become to take action. Those who sold gold early or waited for a lower entry point have completely missed out on this rally—some regret buying too little, some regret not buying at all, and even more regret exiting at a loss.
The market works this way: it can never satisfy everyone. When it’s in consolidation, people long for a one-sided trend; when a one-sided trend arrives, they want to wait for a correction. Life is much the same—things rarely go smoothly at every turn.
In an uptrend, a sharp drop is hard to sustain. Only when the secondary rebound fails to hit a new high and the subsequent pullback breaks below the previous low can the market shift into consolidation. Right now, $3,618 has become the key long-short dividing line.
Currently, the market is edging higher along the hourly support level. Personally, I still hold a bullish view overall, but today’s momentum is noticeably weaker than before. Therefore, I will consider taking partial profits around the $3,658 level.
I will closely track and analyze the market every day. If you lose your direction amid such market moves, you can follow me or leave me a message.

Penafian

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