Gold Investor Seeks Harvesting Time After Swing Trade Target

A gold ETF investor on Moomoo's forum shared their strategy for navigating the current market. They plan to close a swing trade by targeting an order block, then turn bullish afterwards. The investor is hoping that the market will discount below the order block, making it a 'harvesting time'.

The investor also purchased a gold ETF (GOLD.AX) and sought advice from Moomoo's AI on whether to enter the market. According to the AI, gold historically performs well during periods of geopolitical tension and central bank buying, which are both currently happening. The AI also noted that gold is a good hedge against a potential recession.

The investor purchased 5% of their portfolio in gold, citing that it helps them sleep better at night. They emphasized that they are not going all-in on the investment.