Last night's gold market was truly crazy—dropping straight from 4620 to 4537, nearly a hundred points plunge that instantly pressed the bulls to the ground; then in the early hours of the morning, there was a fierce rebound, soaring to 4593, and the bears also couldn't escape the trap. Some panicked and cut losses, others feared missing out, and the entire market was in chaos.

But don't rush. Although this kind of market looks chaotic, there are clues to follow. The key is to identify your situation and find a suitable way to resolve your position.

**Step 1: Confirm what type of position you are trapped in**

Handling long positions caught in a loss varies: if you entered between 4580-4600 with a loss under 40 points, it's considered a shallow trap. At this point, if the rebound reaches 4595-4605, you can reduce your position gradually, take profits when the market looks good, and avoid greed. If you entered above 4600 with a loss exceeding 150 points, it's a deep trap—sell one-third of your holdings first to ease pressure, and if the rebound reaches 4605-4610, continue reducing. Remember not to hold on stubbornly.

For short positions caught in a loss, there are two types: entered at 4560-4570 with a loss of 20-30 points, a shallow trap—small losses can be taken off around 4595-4600; entered at 4537-4550 with a loss over 40 points, a deep trap—reduce some positions first, then wait for the market to fall back to 4570-4580 to add to your short position and average down.

**Step 2: Adjust flexibly according to market rhythm**

The key levels are three: 4620 as the previous high line, 4537 as the bottom support, and 4593 as the recent rebound high. The market oscillates between these points, indicating that the bulls and bears are still battling, with no clear trend.

Long position holders should watch the 4593 rebound level—if the rebound stabilizes and continues upward, it indicates new buying interest, and you might consider adding to your position; but if it stalls and pulls back near 4593, be more cautious and take profits gradually.

Short position holders should focus on the 4580-4590 zone—this is a key defensive position for the bulls. If it breaks downward, it indicates bears are gaining control; conversely, if the bulls hold steady, shorts should consider stop-losses.

**Step 3: Set clear stop-loss and take-profit points**

The biggest risk in resolving positions is holding stubbornly without a plan, which can deepen losses. Whether long or short, set a mental bottom line. For example, set a stop-loss for longs below 4550, and for shorts above 4620. It's better to accept a small loss than to wait until you're caught hundreds of points deep and only then realize.

This round of market volatility is large, but opportunities often hide within such swings. As long as your thinking is clear and execution firm, you can not only resolve your trapped positions but also profit from subsequent oscillations. Remember, the market always gives opportunities to those who are prepared.