In gold investment, the most misleading three words are 'I think'.
'I think it will rise today' 'I think this is the bottom'... Countless people trade based on 'feelings', ultimately losing a lot. I know an old stock trader who switched to gold, and after a small profit, he believed he had figured out the market, ignoring data and news, relying solely on 'I think' for heavy trades. Last year, when the Federal Reserve continuously raised interest rates, he still firmly believed in the rise of gold, ultimately losing more than half of his principal before finally waking up.
Gold investment has never been metaphysical; the rise and fall of gold prices are closely related to the Federal Reserve's interest rates, CPI data, and global risk aversion sentiment. Reliable judgments do not come from thin air but need to be combined with meeting minutes, inflation data, and a comprehensive analysis of international events.
Stop using 'I think' to fight against the market; respect the rules and follow the data, so you can avoid detours in gold investment.
