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Zong Xiaolie: Attention! The gold downtrend has emerged; beware of taking another hit tonight!
Gold’s movement last night and this morning, I believe everyone has seen it. Is there anything you’d like to say?
Actually, most people find this wave of gold price movements unbelievable. How can gold change so suddenly? It was continuously soaring earlier, and then it turned around so quickly and sharply, with such a large magnitude and rapid speed, leaving people stunned!
To be honest, this move was predictable, but the exact timing was not. Because behind this action is not market law, but human behavior. Only when buying power suddenly stops and selling gold happens simultaneously can such exaggerated and rapid market moves occur, with no warning signs or early alerts.
After all, the gold bubble is extremely large. The previous continuous rise meant it was necessary to buy, buy, buy. Now, there’s no need to keep buying, so gold can start a correction or even turn into a trend reversal…
Therefore, the main purpose of this article today is to remind everyone — gold pressure has begun to show. Don’t take it lightly. Handle what needs to be handled quickly, because the next step will test your resolve. Who can laugh last? Let’s wait and see!