Gold has collapsed, and bottom-fishing players are bleeding out!
During these recent live streams, I've been pleading with you not to touch it. Once 4860 breaks, it's 4300 or even 3600. How many of you actually listened! I've already made a clear judgment on gold's overall trend. We went from 4300 to 5300 last year and caught a nice bull run. That's enough. The rest is just a bubble, and getting caught up in it is a bottomless pit. Take the profits and exit quickly!
And now you want to bottom-fish during the crash, but there's no bottom at all! Why I haven't been trading gold this year—I've said it repeatedly. Many followers are now stuck holding longs at the 5000 range. What do you want me to do? Besides waiting, what else can you do once you're locked in?
Second, there are followers who bought physical gold and silver. As long as you didn't buy at the peak, just treat it as a disposable investment and don't worry too much about it! Check again in Q3 or after another half year!
Finally, let me share my outlook on gold going forward. In my view, there won't be significant improvement in the short term. 4300 breaks quickly with strong selling pressure—it won't quickly bounce back to 5000. The first rebound from 5500 to 4600 had the support of geopolitical tensions. Now there are supporting factors, but it's purely shaking out longs!
Don't judge by past logic at this time. War must drive up prices—look at Bitcoin: it hit 74000 and started falling even with the geopolitical situation, for the same reason.
A rebound to 4400-4500 is normal. Weekly charts show consecutive declines, monthly chart shows engulfing bearish candles, all technical indicators are pointing down. If I were to enter, I'd choose the 4380-4460 range to short, targeting 3880!
There's no conviction for bottom-fishing in the short term—I'm serious, not joking! Whatever instruments I trade, I'm professional! Ten years of consistency! I only trade setups I'm confident about! #黄金创43年来最大单周跌幅 $XAUT
Gold has collapsed, and bottom-fishing players are bleeding out!
During these recent live streams, I've been pleading with you not to touch it. Once 4860 breaks, it's 4300 or even 3600. How many of you actually listened! I've already made a clear judgment on gold's overall trend. We went from 4300 to 5300 last year and caught a nice bull run. That's enough. The rest is just a bubble, and getting caught up in it is a bottomless pit. Take the profits and exit quickly!
And now you want to bottom-fish during the crash, but there's no bottom at all! Why I haven't been trading gold this year—I've said it repeatedly. Many followers are now stuck holding longs at the 5000 range. What do you want me to do? Besides waiting, what else can you do once you're locked in?
Second, there are followers who bought physical gold and silver. As long as you didn't buy at the peak, just treat it as a disposable investment and don't worry too much about it! Check again in Q3 or after another half year!
Finally, let me share my outlook on gold going forward. In my view, there won't be significant improvement in the short term. 4300 breaks quickly with strong selling pressure—it won't quickly bounce back to 5000. The first rebound from 5500 to 4600 had the support of geopolitical tensions. Now there are supporting factors, but it's purely shaking out longs!
Don't judge by past logic at this time. War must drive up prices—look at Bitcoin: it hit 74000 and started falling even with the geopolitical situation, for the same reason.
A rebound to 4400-4500 is normal. Weekly charts show consecutive declines, monthly chart shows engulfing bearish candles, all technical indicators are pointing down. If I were to enter, I'd choose the 4380-4460 range to short, targeting 3880!
There's no conviction for bottom-fishing in the short term—I'm serious, not joking! Whatever instruments I trade, I'm professional! Ten years of consistency! I only trade setups I'm confident about! #黄金创43年来最大单周跌幅 $XAUT