6.9 Evening sharp decline continues the bearish pattern | Every sentence hits home, practical methods to resolve trapped positions

In the evening, gold prices experienced a volume-driven plunge, and the short-term bearish momentum has not been fully released. The technical weak pattern has been established, and a short-term rebound is most likely just a correction in weakness, not a reversal signal. The overall market trend still leans towards further decline.
Targeted solutions for different trapped positions

1. Large long positions trapped at high levels (mainly trapped traders tonight)

Heavy long positions: Do not hold onto the hope of a reversal; before the downtrend stops, strictly avoid adding longs at low levels to dilute costs. The more you add, the heavier the position becomes. If the decline continues, you may face deeper trapping or risk control issues. Rely on short-term resistance levels above to gradually reduce and cut positions, first shrinking the total holdings and locking in the loss limit, keeping only a minimal core position for observation. If new lows are made later, the remaining core positions should be exited when appropriate. Do not hold on long-term to a weak market.

Lightly trapped long positions: Treat them as a weak rebound in the short term. When encountering resistance, gradually cut losses and exit. Do not insist on fully recovering losses. In a weak market, small rebounds are often the best opportunities to reduce trapped positions. It’s better to lose a little less than to risk a new round of losses from further declines.

⚠️ Core reminder: In a downtrend, a rebound is not a reversal. It’s just an opportunity for trapped longs to escape, not an opportunity to add positions. #现货黄金##黄金##金价 #伦敦金 #黄金：