Recently, there has been a lot of discussion about gold, and everyone generally feels that this round of market movement is like being stuck in a dead loop—sideways trading for too long, hesitant to buy in for fear of catching a falling knife, reluctant to sell out but unwilling to hold on. But I have to say something from the heart: the current state of gold is far from as "stable" as it appears on the surface. This prolonged sideways consolidation without effective pullbacks has become the most covert risk signal, enough to wipe out those investors who are blindly optimistic.

Having been involved in crypto and financial trading for over 8 years, I am all too familiar with this kind of "boring consolidation" market psychological battle. The market logic is simple: the more silent it is, the more it is brewing change. If a true sustained fluctuation is planned, why not give a clear direction? Essentially, the market is consuming participants' patience while accumulating potential energy.

Let's look at a common rule: major trend reversals rarely occur with sudden crashes; they are usually formed through long-term, "slow-cooked" wear and tear, like the boiling frog. Remember the previous wave of the main coin's market? Continuous half-month consolidation, investors gradually numb, even thinking "it's stable now, I can lay out freely." And then? A piece of bad news directly breaks through the support level, catching countless people off guard and causing liquidations.

Looking back at this wave of gold's rise, although the cycle has indeed been long, the entire process lacked a proper technical correction. This may sound like a "normal" state of an upward trend, but it’s important to find the right balance. Like long-distance running, sprinting without adjusting breathing will eventually cause problems; the market is the same—continuous ascent without releasing risk causes pressure to accumulate like a snowball getting bigger and bigger.

The current situation warrants caution. Whether it’s gold or other assets, this kind of "seemingly calm but actually turbulent" market often tests investors' patience and risk awareness the most. Being prepared for stop-losses and maintaining the necessary caution may be more important than blindly bullish or bearish.