Looking at the recent gold trend, it has been falling like a waterfall from the 4550 level down to around 4300. To be honest, I still feel a bit regretful about the last order being wiped out, but such situations are quite normal in trading.



The current strategy is to focus on long positions at lower levels. My suggestion is to place long orders in the 4290 to 4305 range. If gold continues to decline, set the stop-loss at 4280. Once this support is broken, a decisive stop-loss is necessary. On the upside, the short-term rebound target can be around 4350 to 4400, which should encounter some resistance.

With such intense market volatility, it's crucial to strictly implement risk management to prevent a single pullback from turning into a significant loss.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
FarmHoppervip
· 9h ago
4280 is really a deadlock point; it was broken through here last time.
View OriginalReply0
RunWhenCutvip
· 9h ago
Damn, I got shaken out during that 4550 wave too. Luckily, I cut my losses in time and didn't suffer a blood loss. I'm also optimistic about the rebound around 4290 for a bottom-fishing. Just worried about another sharp drop that could directly break through 4280. Wait, you say there's resistance between 4350 and 4400? I feel like it might not be able to push through...
View OriginalReply0
rugdoc.ethvip
· 9h ago
4550 dropped to 4300, really a bloodbath, it hurts just looking at it. But buying at the low, 4290-4305 still has some appeal. If it rebounds to 4350-4400, sell when you should, don't be greedy. Risk management is really important; one retracement can knock you back to your original state in minutes.
View OriginalReply0
InscriptionGrillervip
· 9h ago
4550 dropped to 4300, this wave of decline is truly fierce, retail investors are about to be harvested again.
View OriginalReply0
RugPullProphetvip
· 9h ago
4550 to 4300, oh my, this decline is really incredible. My order was also swept away haha. But the opportunity to scoop up at low levels has arrived, I am also watching the 4290-4305 range. --- Another day of being trapped, who hasn't been hammered by gold before? --- If it breaks below 4280, cut losses. I understand this principle, but it's easy to slip up when you're trembling. --- That's right, don't be too greedy if this rebound stays below 4400. --- Risk management, I've heard this a thousand times but still end up losing. I think my problem lies right here. --- Long positions at low levels sound reliable, but if you can't hold 4305, just decisively exit. --- Gold's temper is really incredible, continuous sell-offs are exhausting.
View OriginalReply0
staking_grampsvip
· 9h ago
The point of 4280 really has to be guarded, I lost a month's income without a stop loss last time...
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)