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8.31 Jince Gold Morning Review: Gold Plunges Nearly 190 Points in a Single Day! Bears Increase Selling Pressure—When Will It Stabilize After the Oversold Drop?

Gold surged to an evening high of 4631 last week, after which bearish forces erupted, sending prices into a one-way decline through multiple key support levels and to a low of 4445, a new period low.
Market news: Expectations for a Fed rate cut in September cooled sharply, while a strong rise in the US Dollar Index was the core driver of the plunge; earlier long-position profits were closed out in concentrated fashion, while increased
GLDX-0.01%
PAXG-0.36%
XAU-0.34%
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I was just about to go to the forum and rant, but then I looked at my balance and thought, forget it—the market is always right. During that pullback in the early hours a few days ago, $TRUTH was both bottoming out and seeing declining volume. I watched the chart and said that as long as the key level held, it was worth trying. Sure enough, the market gave us the answer afterward. From 0.010718 to 0.012593, +843.08% is now in the bag—the guys on board must have woken up laughing, right? It was truly sluggish at first, but once it broke out, it felt great. We got the rhythm right this time. As
TRUTH-2.70%
LAB-4.47%
BTC-0.89%
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Growth Points Lucky Draw
Invite friends to join and win great prizes!
https://www.gate.com/activities/pointprize/?now_period=22&refUid=7675356
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A few days ago, my hand trembled slightly as I set the stop-loss. This morning, I realized that was an unnecessary act of filial piety. When it plunged intraday, buying support was especially weak; every rebound fell just short. This kind of price action clearly showed that nobody was taking the other side. I opened a short at 0.06726 and slept quite soundly. When I woke up, it had already reached 0.05696, realizing +378.43%—a hefty profit, and the sleepless nights paid off.

Better to miss a limit-up than catch a falling knife and end up with blood all over your hands.

First closed +378.43
DOGE-4.10%
ADA-4.28%
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solana:MukLDtJ8Cx9DxLbeyLRSWPSposTMWuwHANbuaudpump I bought it from here.
MukLDtJ8Cx9DxLbeyLRSWPSposTMWuwHANbuaudpump
SOL-3.71%
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Spot gold
The short-term rebound has reached resistance at the 20MA
At the current price of 4465, open a light short position targeting lower levels; stop-loss at 4480, take-profit target at 4435–4440! #黄金 #伦敦金 $XAUUSD
XAUUSD0.00%
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8.31 BTC Analysis
Good morning, friends! To review yesterday, the high-level short setup we provided also took profit perfectly around 78,300. The setup fully met expectations and produced 1,100 points of short-side room, while spot traders easily captured 600 points in the short term!
Currently, BTC is facing resistance at the BOLL middle band at 78,485 after rebounding, with the short-term moving averages creating overhead resistance. RSI6 has fallen to 36.2 and entered oversold territory, with selling pressure weakening; the MACD negative histogram is narrowing, indicating declining bearish
BTC-0.89%
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$Pons 270m$ mc
$Cashcat 220m$ mc
👀👀👀👀
$Swappy 900k$ mc ( next week 5-10m$ mc soon)
PONS37.76%
CASHCAT-0.70%
SOON-0.54%
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BTC MARKET CHART
gate liveLIVE
42
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The profit is thin, but it grew on its own—I didn’t touch it. Before the market had fully started moving, I kept watching that candlestick because something felt off.

$HUMA had a strong bull-trap feel, and hardly anyone chased the move upward, so I opened a short position instead. Entered at 0.02130, now at 0.01947, with 80% secured. I’ve pocketed 70% of the main position for now, and moved the stop-loss on the remaining 20% to breakeven. Let it do whatever it wants.

Profits shouldn’t inflate, and drawdowns shouldn’t cause despair. For those who haven’t entered, take it from me: now is not
HUMA-12.25%
SNDK-2.11%
LAB-4.47%
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Those ascending the mountain encounter the deity descending.
This is the morning of the gods.
Big Raccoon, Big Orange, Cow… all are tough street bosses guarding the mountain.
This is what’s especially good about Beijing: 🐈 has devotees providing for them everywhere. They are also often worshipped as totems in the hutongs.
Wild and untamable, carefree and unruly, treating life and death with indifference, ready to fight anyone who refuses to submit—extremely alluring.
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Charts looking the way they are and orange man decides to start dropping bombs on Iran again
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#pirate everything melting and pirate shaking the foundations
PIRATE39.79%
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This isn’t a rebound—it’s a tube inserted into an account that was about to flatline. During the intraday plunge, every push upward was just short of enough, with insufficient buying support and a weak rebound. I placed a short at 152.22 at the time, and just checked: it’s been pushed down to 105.2, with +1488.2% credited. Feels damn good, brothers—now that I’m comfortable, I’ll light another cigarette. Close 80% first to take the big profits, and protect the cost price on the remaining position at +1488.20%, so even if it bounces back up, I won’t let the profits evaporate. Don’t grind away yo
BTC-0.89%
ZEC-0.63%
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$BEAT I wasn't scared off and even added to my position.
BEAT-9.18%
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This return has me feeling apprehensive, afraid the market will come to its senses tomorrow and blacklist me. While everyone else was running, I was watching the volume. The rebound volume failed to keep up, overhead resistance was clear, and every push upward fell just short, so I flagged the short opportunity at the time. Now $OPG has fallen from 0.1321 to 0.0944, with 80% secured as profit—those who got on board should be grinning in their sleep. I’ve secured profits on 80% of my position, while protecting the remaining 20% at breakeven. Hold on if the decline continues, but don’t get atta
OPG-4.87%
BTC-0.89%
DOGE-4.10%
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BREAKING: Brent crude oil prices surge above $90/barrel as the US launches strikes on Iran.
Here we go again 📉
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I originally wanted to cut my losses as a sacrifice, but the sacrifice never happened—the position roasted itself. The last time I checked before bed a few days ago, $RAVE was still hovering around 0.2259, looking half-dead, but the order book just didn’t look right—the sell orders suddenly thinned out.

I muttered then that someone was absorbing the selling, so there was no need to rush out. When I woke up this morning, 0.2681 gave me the answer directly. Staying up wasn’t for nothing.

+458.42% secured. I took profit on 80% first, and properly set the protective stop on the remaining 20%
RAVE-3.86%
ZEC-0.63%
SNDK-2.11%
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📊 Daily data:
Buy USDT: Bs 957,86 | Sell: Bs 948,91 | Spread: Bs 8,95 (0,94%).
💡 Analysis:
Today, the Venezuelan P2P market shows a narrow difference between buying and selling. A spread of Bs 8,95 on a rate close to Bs 950 represents less than 1%, indicating that there is liquidity and that prices are converging. This behavior may be due to a greater USDT supply or to a balance between buyers and sellers on the platforms. For us at PitbullChain, this reflects a more mature market with less friction, far from the volatility spikes we have seen at other times.
🧠 Actionable advice:
If you are
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💎 Best Cap Crypto coin to Buy Now
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1,714
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