Wait for gold to pull back, don’t chase longs for nowGold bulls are rising higher and higher, without any pullback. It's Friday now, so there's no need to chase the rise. Slow rises are often followed by sharp declines, so don't chase the longs easily. Gold is a bit stagnant, short at 2579.
Gold has limited room to rise further. The room for gold to rise further is limited. If you don’t chase the long position at the high level, you won’t be given the opportunity to go long if it doesn’t pull back. So once it pulls back, the magnitude will be huge.
