There is an important data release tonight, and the market is expected to shake again.

Specifically, look at these two:

• US initial jobless claims for the week of December 6

• Monthly change in wholesale sales for September

From the current situation, this set of data is somewhat favorable to gold prices. Additionally, the US dollar index yesterday completely reversed the gains made in the previous days and started to decline again, which increases the short-term possibility of a rebound in gold prices.

My simple idea is: buy on dips.

If the price retraces to a key support level, that could be a good entry point.

For those holding short positions, I suggest withdrawing near the cost price and observing. The current market is moving sideways, and the direction is not yet clear.

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

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

Stay steady; money will come more reliably. The market won’t run away, but your principal might.