Even though it’s rising, I still can’t enter — I used to jump on such rallies in the past, getting caught with the high-priced entries time after time.
Today’s GOLD is of the same type.
I will clearly explain why you shouldn’t enter.

Today's Market Situation

The current price is hovering around $4,695.
On the 1-hour chart, EMA20 (short-term moving average) is $4,634, EMA75 (mid-term) is $4,555, placing the short-term line above the mid-term line, giving an uptrend sense. The RSI (indicating overbought/oversold) is currently 66.95 at a high level, confirming the momentum continues.
However, EMA200 (long-term moving average) sits at $4,588, between EMA20 and EMA75, so it hasn’t formed a complete three-stage ascent. The upward momentum is real, but structurally, it is still in a recovery phase.
On the 15-minute chart, the EMAs are also in an ascending arrangement, and RSI is 56.91, slightly above neutral.
In short, the trend is upward, but there isn’t a reasonable risk-entry point given the momentum.

Gogo Taro’s View

This article is a personal analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.
If the price pulls back to around $4,627–$4,637 (the previous day’s high + the 1H EMA20 cluster), I consider it a line where a dip-buy could be considered. Whether the previous day’s high becomes support is key.
On the other hand, if there is a move that clearly breaks above $4,729 (upper band of the 1H BB), there could be further upside acceleration. However, chasing from the current level would not provide a justified risk-reward for entry.
For either scenario, I honestly don’t see a reason to jump in at the current price range.

Today’s Reference Lines

Today there is no point meeting RR1.5, so I’m staying out of entries. The following lines are for reference.
▼ Long (buying on dips)
Reference zone: $4,627–$4,637 (Reason: previous day high $4,632 / 1H EMA20 cluster $4,634)
Reference take-profit line: $4,725 (upper BB of 1H as a round number)
Reference stop-loss line: $4,555 (from 15M EMA200 at $4,577 down by $20 → round number)
Expected RR: 1.2 (below standard / personal judgment)
Note: These are educational参考 values. Please make actual trading decisions yourself.
Breakout buying cannot be calculated into a take-profit basis from the input values, so it is not included today.

Important Lines

Resistance: No lines above the current price today
Support 1: $4,630 (Reason: previous day high / 1H EMA20 cluster)
Support 2: $4,555 (Reason: 1H EMA75)
Support 3: $4,480 (Reason: previous day low)
1H EMA200: $4,590 (this line is the major chart-wide support)

Today’s Word

“I trust the market you can wait for, more than the market you can chase.”

This article is a personal analysis and does not constitute investment advice or solicitation. Please make trading decisions at your own risk.
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