Back to GTL trackMicro Gold FuturesCOMEX_MINI_DL:MGC1!ChenQianYu MGC1! $3,990 – $4,000 (Psychological handle) $3,920 – $3,950 (Prior breakout base) below 200-day MA MACD for W chart : below zero level with red histrogram RSI 5 < RSI 21 showing weakness in W chart Are you buying for accumulation or pure trade ? If the earlier , would you rather buy at this 'half-way' dip ? or wait for the sell-off ease ? News are channeling and feeding messages around inflation data, Dec interest rate hike. With risk-free treasuries yield around 3%-4% vs non-yielding precious metal, Institute might oblige to deliver results; perhaps it's worth to take a pause and monitor. Well, obviously we couldn't time the high & bottom. But the technical indicators and channel/trend of the price movement is something to refer as guide. The surge from early of the year seems unsustainable. As it has move beyond GTL channel and eventually the Gravity Trend Line is the core and price will move back into the track. Based on technical indicators and the trend, this is what we see from the W chart, D chart that there is still room for the price to correct, before it normalize it might be wise not too aggressive accumulating. Happy wealth accumulations everyone! 💰💰💰