$SPDR Gold ETF(GLD)$ Gold’s bull market is far from over! A pullback to the 5-day moving average or slower gains after the recent surge are just normal corrections—this isn’t risk, it’s a perfect buying chance.
You have to let it catch its breath and wait for the 5-day MA to catch up. I told everyone around me to buy gold last year, but no one dared because they thought it was too high. Little did they know gold’s pricing logic has completely changed now, with the price pivot moving up sharply.
Just because it’s risen a lot doesn’t mean it can’t rise more. The so-called fear of heights is just failing to see the core logic of this bull market!
Comments