[GOLD 1-minute] Lightning speed from the heavens! Snatch the rise wave +160 pips! Today's entry commentary
Hello, this is Lucky.
Today, August 6, 2026 (Thursday), GOLD 1-minute chart.
Today we ride the rising wave,
and managed to gain about 160 pips.
Today's market is a "buying scenery"
Today was all about buying, wasn’t it?
First, look at the overall chart flow.
Prices are rising while the lows are being higher,
and the highs are being updated little by little
In other words, a clean uptrend
The market, like a sea,
is telling us,
“Today we will go up.”
On days like this, we don’t chase the top.
What we aim for isn’t selling, but buying on a pullback formed during the uptrend.
Entry is at the yellow circle point
This time, the focus was on the yellow circle area on the left side of the image.
After a brief pullback, the lows held,
and the candlesticks started to point upward again.
What matters here is
not to judge based on a single candle.
- The overall trend is upward
- The lows have not been broken decisively
- Buy orders entered from the pullback
- A pattern indicating a resumption of the uptrend is visible
When these signals line up,
we ride the buying wave.
Rather than frantically chasing a running candle,
wait for the wave to come back a bit.
This is the basics of buying on pullbacks.
Blue signals push the uptrend further
After that, blue signals continued to light up,
and prices kept making higher highs and higher lows.
There are small declines along the way.
But within an uptrend,
not every bearish candle becomes a selling point.
Rather, those small pullbacks are rests before the next rise.
The wave recedes slightly,
preparing to move forward again.
If you panic at the current bearish candles,
you’ll exit the big wave you rode partway through.
That’s why it’s important to look at the entire chart, not just a single candle.
Afterward, prices rose along the yellow trendline
Ultimately, they reached near the upper right of the image
“Moon’s Heaven” area
The range gained this time was,
about 160 pips
Today’s points
The most important thing in today’s trade is that you do not need to predict the future.
What you need is
to see which wave is stronger now
If it’s rising, wait for a pullback
If it has already moved a lot, don’t jump on; wait
If you can’t discern the pattern, don’t enter.
Even doing just this can significantly reduce reckless counter-trend trades and catching highs.
The market is a sea.
When the waves aren’t coming,
paddling like crazy will only exhaust you.
Wait for your favorable wave to come,
and ride it plainly when it arrives.
Today’s GOLD was exactly such a day.
Well then, see you on the next wave.
Professional Trader Lucky
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