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Gold prices reached the expected range of $5,150 to $5,200 and we once again jumped on this bullish opportunity.
Today we have gained over 100 points.
I have foreseen this possibility before through public trading channels.
Now, we need to clarify some key indicators:
1: The near-term price target for this wave of gold price appreciation is between $5,220 and $5,250. Note that gold prices may decline within this resistance range.
2: Gold prices may continue to fluctuate upward during the next Asian and European trading sessions, forming a high consolidation pattern.
3: Gold prices still have great potential to rise. As market forces collectively accelerate the current upward trend, the ultimate limits remain unclear. The rise in gold prices is sure to accelerate. However, we must also be wary of potential sell-off risks in the future.
4. Gold prices will definitely fall, but there are two types of declines: natural structural adjustments, and sell-off driven trend collapses. As gold prices rise, so does the risk of a sharp decline from the highs.
5. In the short term, always rely on the lower support level of the gold price trend. Buying on dips is the best strategy for day trading.
As shown in the figure: I predict that the maximum possible increase in gold prices on Wednesday will be in the range of US$5,220-5,250.
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