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I’m waiting for gold prices to drop to buy.
Today is an unusual day, with gold prices breaking through the $5,300 mark.
Gold prices have hit new highs almost every day over the past week.
It’s clear that market sentiment has risen and the $5,400 level is imminent.
Today’s most important trading points:
1: The market remains bullish and is likely to experience a period of stability ($5300-5250).
2: The chart shows that the $5210-5230 range is an ideal buying entry point.
3: Today’s gain is over $200, so any $60-80 drop is within normal range. If the decline reaches $100, the $5210-5230 range would be an excellent buying opportunity.
4: The current trend of gold prices is unpredictable, and there is the possibility of a sharp rise or fall. Although the risks of investing in gold are very high and the market may well have peaked, this is mainly due to the power struggle between central banks. So, it is recommended to let nature take its course.
5: Asian, European and US stock markets are currently rising in sync. Thailand’s Prime Minister has explicitly banned short selling of gold. Although Thailand cannot control the direction of gold prices, it represents the country’s and political position.
6: Are the decisions of other central banks more complex than those of the Thai President? Although Thailand is a small country.
7: At present, no government in the world except Trump dares to allow the price of gold to fall significantly; this is a fact.
8: You question Trump’s credibility, but are presidents just ordinary people? If you were in charge of a country with a debt of more than $35 trillion, would you follow the necessary legal procedures to resolve the debt? The only way to solve your debt problem is to start over. Cheating, breaking the rules, causing trouble – this is Trump’s bread and butter. If he needs money, he will do anything to get it.
9: In China, only one in a thousand people can become a government employee. what does that mean? It means that those who enter the political arena are the elite among the elite, possessing extraordinary collective wisdom and emotional intelligence. Therefore, when a country announces policies and systems, do not question its logic. Even if these policies and systems seem illogical, they are solutions developed by smart people. There is no need to question the decisions made by a group of talented people. So, we don’t need to guess what the president’s research team is doing; we can guess what the president’s research team is doing. We just have to follow their instructions and let things take their course.
10: Do you think you are smarter than a thousand people? If so, will you be short of money? Of course not.
11: Whether we like Trump or criticize him, we cannot be like him. He can ignore the rules and challenge the world, but we can only follow him. It’s just an emotional drive and we just have to go with the flow, take appropriate action, and pay close attention to any changes that occur.
in conclusion:
Money is the wisest investment. Where does the money go? There we have to follow it, that’s the nature of trading.
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