$Microsectors Gold Miners 3x Leveraged ETN(GDXU.US)

I started watching the U.S. stock market last October. Fifty thousand dollars got trapped by Meta, then by SanDisk, then by KORU, and finally by GDXU.

Got stuck and started researching, began drawing K-lines, started studying.

Sharing some insights on gold technical analysis from a six-month newbie. I won't speak in the comment section anymore, got flamed in private messages, heart's tired, watching the market is tiring too.

1. Mainly look at 1-min, 10-min, 1-hour, and 4-hour K-line charts.

2. Small cycles serve the larger cycle.

3. After a sharp rally, a 0.618 Fibonacci retracement.

4. For gold, watch the London spot price and New York futures price, not Shanghai gold.

5. Gold's overall long-term trend is still mainly downward, short-term uptrend, targeting 5050.

6. GDXU lags behind the New York futures price by half a beat, roughly 5-9 times the volatility of New York gold prices.

7. Looked at the 2008 financial crisis and the 1978 oil crisis for gold. After touching the top, it will range-bound for about a year. Do BS (Buy-Sell) operations, not SB (idiot) operations. Buy first, sell later, keep enough base position.