#gold (12/12/2025)
Gold surged yesterday, honestly, I don't know the reason! Basically, everything reversed abruptly last night without any major events. Well, I just followed the bullish trend!
Current price: Breakout of the price box and close above 4233 (upper support of the weekly range), so buy now.
The correct buying zone is around 4254/4256 (retesting the upper edge of the price box). The price might crash quickly to 4248/4249 or something like that and then rise again – this is just due to the wide price zone range causing price error, nothing serious.
The correct stop loss would be 4236, but essentially, if the price drops below 4240, it will be considered a bearish reversal – meaning the bullish phase becomes a fake price movement. The selling strategy will be updated later, but basically it will be a price drop to 4235 - a pullback to 4256 and further declines from there.
The upward wave is expected to extend to 4305 - 4323 and 4336.
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