Gold continues to hit new highs;avoid chasing highs.

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Gold continues to hit new highs; avoid chasing highs.GOLD (US$/OZ)TVC:GOLDJulesWoodMarket expectations of further Federal Reserve easing and the risk of a US government shutdown have fueled safe-haven demand, supporting the continued rise in gold prices, pushing them to new all-time highs. Gold maintains a bullish trend and avoids guessing at the top. Trading principles prioritize buying on dips. Monday's gold trend mirrored last Monday's, showing potential for a unilateral uptrend. Gold's rapid rise has been accompanied by no pullback. However, if this market trend continues, it could represent a market shakeout. The higher the price, the greater the risk of a sharp decline. It's advisable to continue investing in gold during price pullbacks. Maintain a bullish stance, but avoid blindly chasing gains. From a technical perspective, some pullbacks are necessary, so avoid blindly chasing highs to avoid market volatility and a pullback. Gold's current bullish trend on the weekly and daily charts indicates the bullish trend is not over. It's simply because a pullback after a sharp rise is likely, and a pullback could be a good time to enter a long position.