What is gold? Please answer the questions

1. Why is gold increasing?

2. When will it stop increasing?

3. What reasons make you hold gold?

4. What is your target price for gold?

5. If China and the US stop trade, what will happen to gold?

6. How many large gold mines have been newly discovered since 2024, and what is the quantity?

I don’t want to explain the concept of gold or macro analysis because it’s very lengthy, so I’ll just pose these questions for anyone who wants to know to look for themselves.

Today, I will briefly talk about gold according to "Technical Analysis": gold is at the beginning of wave 5.

What is wave 5?

It is the final wave of a price increase.

It is the wave with the most participants buying in, and 90% believe it will increase in price.

And how to recognize it.

Favorable news comes out continuously.

Experts predict prices will rise high.

News spreads to "all classes."

Future news is extremely good.

Information spreads through the media to those who have never bought, making them want to own it.

What about prices?

Continuously breaking out to reach new peaks, but looking at volume and RSI, it does not reach new highs (daily and weekly candles).

That is when you should choose.

1. Stay out.

2. Take profit: "if any."