Gold Spot / U.S. Dollar
Short
Updated

Gold shows signs of waterfall-like plunge

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Stimulated by the news, gold has risen rapidly to around 3045. Obviously, gold has seen a very obvious forced rise. After the rapid rise of gold, there must be a technical demand for a fall. I expect 3045-3055 to be the high point of gold in the day, so when you all want to chase the rise of gold, I have already started to short gold!

So in terms of trading, the relatively safe way is to short gold at a high level. In short-term trading, we can boldly short gold with the 3030-3040 area as the main force. I believe there will be a good profit!

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In the tide of investment, emotional management is also the key. Impulse is like a reef, which often causes the investment boat to hit the reef and sink inadvertently. Don't be blinded by the temporary rise and chase high blindly, and don't panic and sell hastily because of a short-term decline. You must know that the market is like the ups and downs of the waves. If there is an increase, there must be a decrease, and if there is a decrease, there will be an increase. Only by rational judgment and calm decision-making can you steadily steer the investment ship between the ups and downs. Emotional management is not to suppress emotions, but to guide them reasonably and let reason dominate investment behavior. When you can control your emotions freely and are not swayed by the appearance of the market, you have taken a solid step towards successful investment.

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