In early August, Gold was range-bound around $4,038–$4,052 and has since continued to test higher without forming a meaningful pullback. It has stepped up from around $4,270 (as of 8/7) and around $4,520 (as of 8/21), and today at the start of the week surged to the $4,670 range for the first time since mid-May. The dollar weakness and Gold strength are not waning; rather, the momentum seems to be strengthening.

This week focuses on Jackson Hole Conference from 8/27–29, especially 8/28 (Fri) when new FRB Chair Waller will give his first speech since taking office. The event tends to have a gap between expectations and actual content, so temporary fluctuations are possible, but based on the price action so far, the momentum of the uptrend does not appear to be easily broken.

Shoukinryu is a buy-only grid EA that buys on dips and closes positions on rebounds. Its strength is most evident in markets where prices dip and then bounce back or test higher again. Gold is currently repeating this “dip then attempt higher” movement, overall trending upward. Of course, if the market were to fall and never recover, the risk of unrealized losses would persist, but at least for now the market conditions seem aligned with Shoukinryu’s design philosophy.

Regardless of the amount, five consecutive business days closed in positive territory. Moreover, today marks the largest realized profit among these five days. In the forward management account (real-trade.tech is publicly available), the balance is also growing in step with this uptrend. If this tailwind continues, there is a possibility that this flow will persist for a while, but this is merely a recent trend and does not guarantee future results.

Market trends can continue indefinitely, and that is precisely why the window to ride the current tailwind is longer the earlier you start. Shoukinryu is already in operation by many people at this moment, as Gold is riding this tailwind, and the EA itself continues to be updated for free. Since market conditions can change while you’re deciding to implement, if you’re interested please first verify the logic and real-trade performance with your own eyes.

Of course, there is no guarantee of profits. As a grid-based, averaging-down system, there is always a risk of accumulating unrealized losses in a downward-trending market. Please review the logic and risk yourself and use this as one piece of your decision-making.

※This article is intended to provide information and not to solicit investments. The displayed performance results are historical and do not guarantee future profits. FX/CFD trading involves risks. Please make investment decisions at your own responsibility.