Trade cautiously and wait for a pullback to go long

Good morning, my friends.

At present, gold continues to rise, and blindly chasing more will definitely lead to huge risks. We originally planned to wait for gold to pull back before going long, but the market did not give us this opportunity.

I didn't let you blindly chase the short positions yesterday. Now, are you glad that you followed my advice and didn't enter the market rashly? I know that after it hit 3675 yesterday, there must have been a lot of people shorting the market. Many brothers even held their positions until today, but found that the market did not give a good retracement point. At this time, it's even more important to avoid being manipulated by emotions and engaging in revenge trading.

In the short term, the prudent approach is still to wait for gold to pull back before going long. In the short term, focus on 3675-3665. If it does not break through the pullback, you can try to go long on gold.