Technical analysis by Mihai_Iacob about Symbol PAXG on 6 hour ago

Since the beginning of October, I’ve argued that a correction in Gold should be next. However, the market had other plans — this view didn’t materialize, and my three short trades ended with one winner, one break-even, and one stop loss, a big 0 overall... So, am I upset for missing a 2,000-pip rally? Not at all. This was a test of acceptance and a reminder that trading correctly matters more than catching every move. Gold will still be here tomorrow — and if I don’t truly believe in a setup, there’s no reason to enter. Technically speaking, Gold remains extremely bullish, but every move, no matter how strong, has an end somewhere. Whether that top comes at 4050, 4100, or even 5000, no one can say with certainty. For me, it’s simple: If I don’t have a trade aligned with my conviction, I don’t trade. As long as the upward channel remains intact, the trend stays bullish. The key support is now around $4,000, and it will be interesting to see whether this level holds or if Gold will finally enter the much-needed correction phase. For now, I stay out. I don’t chase moves I don’t understand, and I don’t FOMO. Call it caution, or even stupidit y — but a rise without correction is something I simply don’t trust. 🟡