Right now you have a lot of people chasing the market and if you were trading with a reasonable position you could probably be forgiven for doing the same. The gold market rallied again during the day on Thursday and at one point surpassed the $1900 level. In doing so, the market has proven to be quite robust and should continue to generate a lot of interest as it has been one of the best performers this year. At this point, it’s hard to imagine a scenario where you want to be short in this market, so I think if the market goes down, you have to look at it through the lens of finding value. The $1900 level is a big, round, psychologically important indicator that gets a lot of attention on its own, but I think we also have to remember that there are probably buyers in the market on any dip. In fact, we’ve already seen this happen throughout the day. Advertisement Ready to trade gold? We take care of you! Begin! Right now it looks like the market is headed for the $2000 level, so I’ll play it. That doesn’t necessarily mean I’m in at any moment, but I like the idea of ​​short-term bills. The gold market was so bullish that it didn’t give us juicy dips to exploit, but it’s worth noting that we managed to get an opportunity early Thursday when the market was in a CPI frenzy. I am not interested in selling gold The so-called „golden cross” has formed before and it seems that long-term investors are more than ready to jump in and take advantage of the long-term „buy and hold” attitude. which the market suddenly showed. Ultimately, this is a market that will continue to attract a lot of attention, but is in dire need of some sort of northerly flow to attract even more traders. Right now you have a lot of people chasing the market and if you traded a reasonable position you could probably be forgiven. I still think 2000 is your long term goal, but it will probably take a while to get there. With that in mind, I like gold, but I’m not interested in selling it, at least not until we break below the 200 day EMA around $1780 or sell.

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