Precious metals experienced a volatile decline tonight, with slight rebounds during the period but limited momentum, failing to provide effective escape opportunities for top-position holders. For traders who have already shorted at high levels and then switched to long positions at lower levels, this adjustment actually offers an opportunity to participate.
Currently, gold and silver have fallen significantly, and chasing the short side is no longer a wise move. Entering long positions at this time requires overcoming market fear, but it is precisely during these moments of market emotional fluctuation that turning points often emerge. Opportunities and risks coexist, and the key lies in whether trading mindset can match the current trend characteristics.
Based on the latest price action: Gold can consider going long near 4420, with the upper target set at 4460; Silver can be positioned near 73, with a target of 76.
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GasFeeVictim
· 11h ago
Once again, we're seeing this repetitive tug-of-war in the market, really testing the mentality... Those who are trapped at high levels are probably experiencing a surge in blood pressure right now.
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MissedAirdropBro
· 11h ago
The top buyers really have to accept their fate. With such weak rebound strength, still trying to run, lol.
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LiquidatorFlash
· 11h ago
Position 4420 is indeed a bit risky. Once the leverage exceeds 3x, you need to stay alert; liquidation risk is no joke.
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InfraVibes
· 11h ago
Once again, this frustrating market pattern. The guys at the top are probably bleeding from this move.
It's already time to give up on shorting. Now it's just a matter of who dares to take this position.
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MetaverseMigrant
· 11h ago
It's another rebound where people just sell off again. Truly unbelievable. The guys stuck at high positions must be feeling so uncomfortable now, they can't even escape if they want to.
Precious metals experienced a volatile decline tonight, with slight rebounds during the period but limited momentum, failing to provide effective escape opportunities for top-position holders. For traders who have already shorted at high levels and then switched to long positions at lower levels, this adjustment actually offers an opportunity to participate.
Currently, gold and silver have fallen significantly, and chasing the short side is no longer a wise move. Entering long positions at this time requires overcoming market fear, but it is precisely during these moments of market emotional fluctuation that turning points often emerge. Opportunities and risks coexist, and the key lies in whether trading mindset can match the current trend characteristics.
Based on the latest price action: Gold can consider going long near 4420, with the upper target set at 4460; Silver can be positioned near 73, with a target of 76.