Tonight there is an important data release, and the market is expected to shake again.

Specifically, look at these two:

• The number of initial unemployment claims for the week of December 6th in the US

• The monthly change in wholesale sales for September

From the current situation, this set of data is relatively friendly to gold prices. Additionally, the US dollar index yesterday completely reversed the gains made in the previous days and started to decline again, so there is still a good chance for a short-term rebound in gold prices.

My simple idea is: buy on dips.

If the price retraces to a key support level, that’s a good entry point.

For friends holding short positions, it is recommended to withdraw near the cost price and observe. The current market is moving sideways, and the direction is not yet clear.

Once the real trend emerges and the opportunity becomes clear, it’s not too late to enter.

Don’t rush, don’t panic, and don’t guess the direction blindly.

Stay steady, and the money will come more steadily. The market won’t run away, but the principal might.