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Trump stages “the boy who cried wolf.” The US cancels its comprehensive strikes on Iran. BTC and the small yellow fish take off immediately.
Raging at those who told you to short the small yellow fish at 4100—just block them directly. If the big trend is 42-43, and it’s not a case of shorting, then why would you short at 41?
The gold below 4100 has an excellent cost-performance ratio. Everyone must enter in batches to lay out long positions. I said this repeatedly yesterday—once you enter, hold tight. The bulls have already fully kicked off. Just wait for the bigger upside room above.
Over these two days, I’ve kept emphasizing to everyone that for this round of gold’s decline, the core drivers are changes in the geopolitical situation, along with Fed rate-hike expectations—market moves have been especially fast, and retail investors are selling across the board. A reversal can happen at any time. Don’t get discouraged, and don’t chase shorts. Especially after the market suffers an extreme plunge, all the risks behind it are hidden. As the old saying goes: When you stare into the abyss, the abyss also stares back at you.
Yesterday, BTC released the current-price long position near 62700, with the target of moving toward 63500; once it breaks through, look for 638-642. A small pullback and consolidation, collecting 1000 points. XAU also announced bottom-fishing below 4100. After Trump’s speech, XAU was lifted directly to above 4200.
BTC trading suggestion: 644-648 short, add to the short at 656. Defense at 800. Target: if 627 breaks, then 618-613. $BTC #TradFiCFD黄金大师赛