Thought Moment

Gold's bounce is still running — short-term technical adjustment in play. But let me be clear: the bigger downtrend hasn't changed. A bounce is a bounce, not a reversal. Once this leg runs its course, we're likely heading lower again. If gold keeps pushing up and reaches the 4060-4080 zone for the first time, I'm entering short. This isn't calling a top. It's trading the exhaustion of a counter-trend move within a downtrend. In a bear market, selling into resistance is far safer than trying to pick a bottom. Until the structure turns bullish, I'm only selling rallies, not buying dips.