2.10 Don't guess the top of the gold price
Gold prices are hitting new highs
Why not guess the highest point of the new high?
Because the rise in prices requires momentum, and momentum is the continuous influx of funds.
As long as the capital flow does not dry up, new highs will continue.
So it is impossible to guess the top
When a new high is born, there is only one strategy: that is to follow up, follow up at a low price.
But the bottom can be calculated!
Because how much money comes in, how much money will eventually go out.
We can't estimate how much money will come in, but when a waterfall appears, we can calculate a reasonable bottom through the current top.
Gold has now hit a new high of 2892
Next possible target: 2900-2905--2950
We also need to pay attention to the risk of super waterfalls
If you are not an aggressive investor, my advice is to wait and see
If you are an aggressive investor, my advice is to wait for a lower price to buy, or at least see the birth of a waterfall. When the waterfall stagnates, it is time for us to go long
The next strategy will be announced below the article one hour after the US market opens. In fact, if you have read my articles in the past half month, I believe you must have gained a lot.
If you also like my views, you can leave me a message.