This year, gold has really been on fire, soaring all the way. Although it took a breather in the middle, it has once again started to explode in a pump over the past month.

Let's take a look at the performance in November: spot gold opened at $3984.9 at the beginning of the month, surged to a high of $4245.1 during the day, dipped to a low of $3928.68, and ultimately closed at $4217.83. It increased by $214.6 in a single month, with a growth rate of 5.36%—this marks the fourth consecutive month of gains.

In the face of this momentum, to be honest, I prefer to wait and see for now. Things that rise too quickly often need time to digest.

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FUD_Vaccinated

· 8h ago

The rise of gold this time is really outrageous, a four-day rise has left me a bit confused, it feels like there should be a pullback soon.

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DefiEngineerJack

· 8h ago

nah, traditional finance doing its thing again. gold pump always looks impressive until you check the actual volatility profile—5.36% monthly? *technically speaking* that's not even close to what we're seeing in alts rn. but yeah, the "wait and digest" take is fundamentally sound. momentum exhaustion is non-trivial to predict tho

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BlockchainBouncer

· 8h ago

Rising for four consecutive months, this pace is indeed a bit fierce, it feels like something is about to happen.

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NeverVoteOnDAO