Gold has collapsed, and bottom-fishing traders are bleeding out!

Throughout these livestreams, I've earnestly warned you not to touch it. Once 4860 breaks, it's 4300 or even 3600. How many of you actually listened! I've made a clear judgment on gold's overall trend. Last year we went from 4300 to 5300, and catching that bull run was already enough. Everything else is a bubble, and getting caught up in it is a bottomless pit. Make a move and get out quickly!

And now you're trying to bottom-fish during the crash, only to find there's no bottom at all! I've said repeatedly why I'm not playing gold this year, and now many followers are stuck in long positions around the 5000 zone. What do you want me to do? Once you're trapped, besides waiting, what other option is there?

Second, some followers have bought physical gold and silver. As long as you didn't buy at the peak, just treat it as an optional investment and don't worry too much about it! Check again in Q3 or after half a year!

Finally, here's my take on gold's future: I don't expect significant improvement in the short term. The selling pressure below 4300 is very strong, and it won't quickly rally back to 5000 in one move. The first rebound from 5500 to 4600 was backed by geopolitical support. Now there is support, but it's purely shaking out the bulls!

Don't use old thinking patterns to judge this. War should mean prices go up, but looking at Bitcoin recently—wars don't even help risk-off sentiment anymore. It's the same logic as Bitcoin hitting 74000 and then falling.

A rebound to 4400-4500 is normal. Weekly lines in consecutive declines, monthly line engulfing candles, all technical indicators pointing down. If I were to intervene, I'd choose the 4380-4460 zone to short, targeting 3880!

There's no conviction for bottom-fishing in the short term—I'm not joking! Whatever product I trade, I'm professional about it! Ten years doing the same thing! Only trading setups I have confidence in! #黄金创43年来最大单周跌幅 $XAUT