Gold crashes sharply, don’t panic, the key level has been broken, here’s what to do next!

Brothers, look at this chart—spot gold is currently at 4580, down over 100 dollars intraday, a decline of more than 2%, with a low of 4554, directly breaking through multiple moving averages. This kind of movement isn’t a shakeout, it’s funds running!

My view is very clear:

1. The trend has turned bearish. 4700 didn’t hold, but was instead pressed down to the floor, and a top reversal pattern has appeared on the daily chart. If tonight’s US session can’t close back above 4600, it will continue to fall.

2. The key support is at 4550. This is a previous area of concentrated positions; if it revisits without breaking, you can add a short position; but if it breaks through 4550 directly, don’t hesitate, look for bears around 4520-4500.

For trading, Brother Liang offers two plans:

1. Mainly short on rebounds: wait for the price to return to the 4600-4620 zone, and if an upper shadow or stagnation signals appear, go short directly, targeting 4550-4520.

2. Bottom-fishing can only be short-term: unless it quickly dips near 4550 with a long lower shadow on the 30-minute chart, don’t catch falling knives. For rebounds, try small positions long, strictly set stop-losses, target 4580-4600, and take profits when favorable.

Remember Brother Liang’s words: small dips are small opportunities, big drops are big opportunities, but don’t get stuck halfway up. Control your position size, don’t hold onto losing trades. These days, news is turbulent and unpredictable—no one knows when a sudden message might come. Stay cautious, wait for signals before acting.

(The above is my personal trading strategy and does not constitute investment advice. The market is risky, trade carefully.)