Whenever the price going up, it must going down. If not reversal, it must be a retracement. Let see either gold price will retrace or not within the near future. Don’t buy when the price is going up and up. Wait for the retracement then buy at retracement. Some of my friends who are selling gold, always said buy when the price is already at high.
For example last night, the night after FOMC meeting. Sure.. gold is stable, but we want to buy at lower price and sell at higher price to ensure maximum profit.
Tonight is NFP news gonna release.. I wish there is some reversal (a retracement will be good) to bring gold price down and strengthen the US Dollar.