Gold has been consistently suppressed by moving averages, although the rebound can sometimes be very fierce, it has never broken through the cluster of moving averages. From this perspective, gold is still oscillating with a slight bias to the downside, and there is a chance to try short positions with small holdings.

A-shares, at the end of May I fully invested in betting on the rebound of oversold Baijiu, but it failed. Currently, the main theme in the market is still AI, and today’s indices are all in the red, but the median -1%, which means about 70% of people are losing money. The US stock market is similar; AI-related stocks can rise 10%-30% in a day, but the index’s overall gain isn’t large, which indicates some stocks are plunging, just mostly unrecognized.

After so many years of trading stocks, I’ve never seen such an extreme trend.