GOLD US SHORTGOLD 60 DAY Target point
You try! Easy Money,
The gold Only long position after!!!
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Goldprediction
XAUUSD is going downGold (XAUUSD) is showing signs of potential downside continuation after a sharp rejection from recent highs. The daily candle formed a long upper wick and closed below the midline of the green band — indicating profit-taking and emerging selling pressure.
Bearish Influences
Rejection Candle: Strong upper wick signals sellers defending resistance near the 4,180–4,200 zone.
Loss of Momentum: Price slipped below the short-term support band, suggesting weakening bullish control.
EMA / Structure Confluence: The current pullback aligns with the lower trendline slope and prior breakout structure — a likely retracement phase forming.
🎯 Fibonacci Bearish Targets
If price fails to reclaim the 4,180 level and bearish momentum persists, look for these downside targets:
Target 1 (0.382 Fib) → $4,047 – $4,050
Minor support and initial retracement level.
Target 2 (0.618 Fib) → $3,943 – $3,950
Key Fibonacci confluence and previous structure support zone.
Target 3 (1.000 Fib) → $3,814 – $3,820
Full retracement target aligning with the lower green volatility band — potential swing low zone.
Gold is still in a downward channel
News：
On Wednesday (October 22nd), spot gold trading saw increased volatility, trading above $4,000 before the US market opened. Previously, the price of gold retreated rapidly from its stage high: it once reached $4,161 in the European session and then came under pressure again; in sharp contrast to the previous stage peak of $4,380, the retreat was significant, and the market became increasingly sensitive to the offensive and defensive switches of the "four thousand mark".
Overall, the market is in a data vacuum. Affected by the government shutdown, the economic schedule on Wednesday was empty, with only a small number of Treasury auctions and repurchase operations supporting liquidity. However, global macro events have quietly amplified the cross-market linkage effect.
Specifically:
Judging from the 4-hour market trend, the current focus is on the short-term suppression of 4090-4080 on the top, and the short-term support of 4000 on the bottom. If the bulls cannot break through, gold will continue to maintain a downward trend. The operation should be mainly high-altitude, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy in the channel, so please pay attention to it in time.
Trading strategy:
Buy: 4090-4080, SL: 4105, TP: 3990-3965
GOLD at current support? holds or not??#GOLD.. market have current supporting area is 4024-25
holdings means again bounce expected..
good luck
trade wisely
Look for a volatile upward correction of 4200-4220Good morning, bros. Although the market did not provide us with suitable trading opportunities last night, this did not prevent the market from confirming Allen's advanced trading vision. Even if the long orders at 4060-4050 were stopped out, the gold price still fell back to around 4000 as expected. Continuing to go long can not only turn losses into profits in one fell swoop, but also ensure substantial profits. how is it? Although we were unable to participate in this transaction, the final trend and results always prove the high accuracy of Allen's advanced trading vision and strategic analysis.
As the candle chart closed with a long lower shadow that was nearly twice the length of the body, the short-term bottom was found near 4000. Therefore, I believe that gold may be in a state of volatile upward repair today. After a rapid decline and rebound this morning, the current price is once again around 4120-4130. Judging from the hourly chart, there is a rudimentary form of a head and shoulders bottom pattern in the short term. If the gold price retreats again, thus prompting the formation of a head and shoulders bottom pattern, then when the gold price falls back to around 4105-4095, we can also try to go long on gold with a light position. If gold continues to rise, we will pay attention to the performance of 4160-4170 above, which is both a short-term resistance and the daily MA10 moving average. If the bulls want to return to the market, they must first stand firm on the MA10 moving average to have greater hope. Therefore, this resistance range is also the focus of our short-term attention. Once it stabilizes above the MA10 moving average, gold will be expected to rebound to 4200-4220.
OANDA:XAUUSD
COULD GOLD (XAU/USD) BOUNCE TO THE UPSIDE OR DROP?GOLD (XAUUSD) is currently being held by a strong support trend line which is is struggling to breakthrough.. however, it is currently in a new downtrend and could continue to fall to the downside.
If The support trendline has been broken, this will be a great sell opportunity.. if it struggles to break, then it will be a great buy opportunity. Keep an eye!
Double Top Confirmed! Is Gold About to Fall Deeper?As expected from my previous idea , Gold touched its target of $4,183 ( the double top pattern’s target(Small) ). Before reaching that target, it had some ups and downs over the past few days, mainly due to the ongoing US-China tensions .
Gold is trading near a Support zone($4,193 – $4,156) .
From a classical technical analysis perspective, it’s forming a clear double top pattern on the 1-hour timeframe . There’s also a regular bearish divergence (RD-) visible between the two peaks of the double top.
From an Elliott Wave theory standpoint, it looks like Gold has started its corrective wave. If the Support zone($4,193 – $4,156) and the double top pattern’s neckline break , we can expect further downside .
I expect that after breaking the Support zone($4,193 – $4,156) and the neckline , Gold could drop at least to around $4,083(First Target) .
Second Target: $4,057
Stop Loss(SL): $4,385(Worst)
Note: Keep in mind that given the ongoing US-China tensions, any news could invalidate this analysis. So it’s more important than ever to manage your risk carefully these days.
Please respect each other's ideas and express them politely if you agree or disagree.
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold 1979 vs 2025 — When History Whispers and Markets Listen
🌕 1. The Echo of 1979
In 1979, the world watched Gold do the impossible. The metal surged from $226 to over $850 per ounce in less than a year, a 275% explosion that turned fear into fortune.
The triggers were seismic.
🇮🇷 The Iranian Revolution disrupted global oil flows.
🏛️ The U.S. Embassy hostage crisis fueled geopolitical panic.
⚔️ The Soviet invasion of Afghanistan reignited Cold War fears.
💸 And double-digit inflation in the U.S. shredded faith in the dollar.
By early 1980, panic replaced logic. Every newspaper screamed, “Buy Gold before it’s too late!” Then came Paul Volcker’s shock therapy as interest rates jumped above 15% and COMEX doubled margin requirements. Within eight weeks, Gold fell more than 40%, marking the end of one of the most dramatic speculative manias in modern history.
🔁 2. Fast-Forward to 2025: The Parallels Are Uncanny
The world of 2025 looks hauntingly similar.
🕰️ 1979 🔮 2025
Iranian Revolution and Cold War tensions Gaza war, U.S.–China decoupling, and regional instability
Oil shock and inflation Energy disruptions and persistent post-pandemic inflation
Dollar under pressure Record U.S. debt and fiscal erosion
Panic buying of Gold Central bank accumulation and retail FOMO
Fed under Volcker turns hawkish Fed under Powell trapped between cuts and control
By late August 2025, gold sat quietly near $3,415, then erupted into a seven-week vertical rally above $4,300, a mirror image of 1979’s euphoric climb. But just like back then, euphoria was the prelude to exhaustion.
⚠️ 3. The Anatomy of the Current Crash
On October 17, 2025, Gold plunged $250 in one day, a shocking 5–6% drop that broke its parabolic structure and sent fear rippling across markets.
What triggered it?
🏦 A hawkish shift in the Federal Reserve’s language as officials hinted rate cuts might be delayed.
💰 Real yields surged, breaking the inverse correlation that had fueled gold’s climb.
🏛️ Institutional profit-taking hit record levels, confirmed by rising COMEX open interest and volume.
🗞️ Sentiment flipped overnight as headlines shifted from “Gold to $5000” to “Gold crashes $250.”
The move marked the first true break of structure (CHoCH) since the rally began, historically the signal that smart money is quietly exiting.
🔍 4. Lessons from 1980 — The Signs of a Top
Before gold crashed in 1980, five clear warning signs appeared.
⚙️ 1979–1980 Signal 💡 2025 Equivalent 🧭 Status
Fed turns hawkish Powell signals “pause / higher for longer” ⚠️ Emerging
Rising bond yields vs. flat Gold Real yield divergence ✅ Confirmed
Parabolic candles Daily range above $100 ✅ Seen
Media frenzy “Gold to $5000” hype ✅ Seen
Margin hikes and record OI Record COMEX participation ⚠️ Rising
Four out of five signals are already flashing. History teaches that when everyone believes Gold can only rise, it’s often about to fall.
🧭 5. What Smart Traders Should Do Now
🟡 Phase 1 – Immediate Protection (Next 24 Hours)
If you’re long, secure 50–75% of gains and protect above $3,950.
If you’re short, trail stops to $4,200 and look for targets at $3,950 → $3,800 → $3,600.
If you’re flat, stay patient and wait for at least two daily candles of stabilization before acting.
🟠 Phase 2 – Stabilization (Next 3–5 Days)
Watch for:
🕯️ Long lower wicks on daily candles show buyer absorption.
📉 Shrinking COMEX volume indicates exhaustion of sellers.
📊 Flat or falling real yields confirming support.
🔵 Phase 3 – Re-evaluation (Next 1–2 Weeks)
If gold reclaims $4,000+ with strength and Fed tone softens, a controlled re-rally may begin. If Gold stays below $3,800, the correction likely extends toward $3,500, the same 30–40% retracement seen in 1980.
🧘♀️ 6. Beyond the Chart — Discipline Over Drama
When a $250 candle appears, instincts scream, “Do something!” But professionals know the truth: reaction destroys capital, observation preserves it. The coming days are not about prediction but about posture. Stay liquid, track sentiment, watch real yields, and remember that even in 1980, Gold’s crash didn’t end its story — it simply reset the cycle for the next era of accumulation.
✨ History doesn’t repeat, but it rhymes. In 1979, Gold taught us that fear creates bubbles. In 2025, it’s reminding us that even truth needs a pullback before it shines again.
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GOLD .. breakout ? whats next??#GOLD... just broke our supporting area of 4025
sustain below means further drop expected..
good luck
trade wisely
10.22 Gold continues to correctAfter forming a double top early Tuesday morning, gold has been experiencing resistance during Tuesday's Asian session, signaling a potential Waterloo. As of Wednesday's Asian session, gold hit a low of 4004 before rebounding above 4100, a bullish consolidation. Gold is currently trading in a range-bound environment. We continue to monitor the 4147-50 resistance level, which also marked the resistance level at midnight Tuesday. Gold prices retreated after hitting this resistance level several times last night. During the day, we will monitor the upward resistance level. If gold fails to break through, we will maintain a volatile trading strategy. We will prioritize shorting within this resistance level.
From the 4-hour chart, we are currently focusing on the 4147-4150 resistance level for the upside, while the -4085-4100 support level is expected to remain. If bulls fail to break through, gold will likely continue its range-bound correction. Trading strategies should prioritize trading within this range. In the intermediate range, we should be cautious about buying orders and wait patiently for key entry points. I'll provide detailed trading strategies during the trading session, so please stay tuned.
Gold Trading Strategy:
1. Short gold with a light position at 4147-4150, stop loss at 4156, target at 4085-4100. Hold if it breaks through!
2. Go long gold at 4085-4095, stop loss at 4078, target at 4145-50. Hold if it breaks through!
What do you think 4085 gold buys or sellsBased on recent trading ideas for Gold on TradingView, the price level around 4085 is often cited as a key technical level:
Support/Buy Zone: Many analyses view the area around $4085 - $4090 as a critical support level or a demand zone. If the price drops to this level and shows signs of reversing (like a bullish candlestick pattern), it's often seen as a good opportunity to BUY (go long), expecting the price to rebound.
Invalidation/Sell Trigger: Conversely, if the price breaks clearly and holds below $4085 (or the nearby support zone), it is often considered an invalidation point for the bullish view. This breakout below support would typically signal a shift to a bearish bias, leading traders to consider SELL (go short) positions with targets at lower levels.
Decision Zone: In some cases, $4085 is part of a larger "Decision Zone" (e.g., $4085–$4125), where the market's reaction dictates the next short-term trend.
In summary, a "4085 gold buys or sells" TradingView idea is likely suggesting:
BUY (Long) if the price holds above or bounces from $4085.
SELL (Short) if the price breaks and closes convincingly below $4085.
Time to book profits in Gold. Textbook Double Top spotted on 4H.After the terrific rally in Gold, it finally showed first sign of reversal with the double top formation on 4H chart. That is actually 70% of the times a good enough indicator/sign/pattern for a reversal/pause/correction. Thus to book the profits, imo this is the right to take atleast part profits off the table in the range of 4100-4200.
Around 3800-3700 would be a good buying zone.
XAUUSD: Double top pattern completed, gold confirms reversalContrary to the vast majority of people's beliefs, OANDA:XAUUSD was unable to break through the old peak at $4380/oz to move above the $4400/oz area but formed a double top pattern on the 1 hour timeframes and corrected downwards with a record margin from $4380 to near $4000/oz.
With these factors, we can almost certainly conclude that gold has completed this rally and will begin to correct downwards in the near future.
Looking through the options market, almost all traders have withdrawn all Longcall contracts from the market and a large number of Longput contracts have been pushed in.
This further reinforces the fact that the price has begun to enter a downward correction cycle in the near future.
Some key levels that we need to pay attention to in today's trading session:
Resistance: , , ,
Support:
Margin zone support:
Strong support:
Always be patient and wait for the price to reach the support and resistance zones above and get confirmation. Do not place limit orders or enter orders when the price is increasing or decreasing sharply.
Take advantage of the above support and resistance zones and trade short-term when the price reacts at these support and resistance zones.
Take profit when the price moves from 10 to 20 prices since entering the order at the support and resistance areas.
Wait for reactions such as Engulfing candles, Doji,... at the support and resistance zones.
Always set stop loss when trading and manage risks closely.
Note: Price may spike through support or resistance levels and then reverse. Therefore, it is crucial to patiently wait for the candle to close before entering a trade.
Victor Dan @ ZuperView
XAU/USD Intraday Plan | Support & Resistance to WatchGold dropped like a rock yesterday, extending its sharp sell-off into the early Asian session, where price briefly touched 4,004 before bouncing back. The move marked one of the steepest single-day declines in weeks, slicing straight through multiple support zones before finding some footing just above 4075(deeper support zone).
Price is now hovering around 4,141, showing early signs of stabilization after yesterday’s flush-out. While the broader uptrend remains intact, short-term momentum has clearly shifted bearish, with the MA50 now acting as dynamic resistance. If buyers can reclaim 4,192 and the MA200, a corrective bounce toward 4,227 and 4,279 could follow.
However, failure to hold above 4,117 would likely trigger another leg lower toward the Deeper Support Zone (4,075–4,044), where stronger buying interest are expected.
📌 Key levels to watch:
Resistance:
4151
4192
4227
4279
4321
Support:
4117
4075
4044
4004
3984
🔎 Fundamental focus:
While short-term sentiment has flipped cautious, the broader macro backdrop remains gold-supportive — ongoing political risk and weak global growth continue to attract dip buyers on major corrections.
Gold suffers biggest crash since 2013: What’s next for metal?Gold just experienced its worst single-day crash since 2013, plunging over 8% from record highs after forming a double top.
What’s behind this dramatic move, and what’s next for gold?
After a strong rally driven by fiscal and trade uncertainty and delayed US economic data, gold suddenly tumbled to the $4,000s. This sharp drop comes amid technical overextension and ahead of a crucial US CPI report due Friday, with the government shutdown still adding to market uncertainty.
Overextended : Gold was heavily overbought on multiple timeframes (4-hour, daily, weekly, monthly), with a double top and weakening RSI signalling a correction was due.
Profit-taking ahead of CPI : Many traders secured profits before Friday’s CPI report, with consensus expecting inflation to tick up, potentially impacting Fed rate expectations and the US dollar.
Trade developments : De-escalation between the US and China, with Trump and Xi set to meet at APEC, reduced some risk premium that had supported gold.
Support and scenarios : Strong support levels remain, with a possible further downside to the 38.2% Fibonacci retracement (~$3,945), but a deeper drop to $3,735 is seen as unlikely unless catalysts turn more bearish.
Volatility is back in the gold market! Will this correction turn into a longer consolidation, or is it just a pause before new highs?
Watch the key levels and upcoming CPI data, and remember—trade smart, respect your risk, and cash out when needed!
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Gold 1H – Bearish Reaction After Consecutive Gains🟡 XAUUSD – Intraday Trading Plan | by Ryan_TitanTrader
📈 Market Context
After several sessions of steady gains, gold is showing signs of exhaustion as U.S. Treasury yields stabilize and traders reassess the Federal Reserve’s next move.
The market’s focus today is on U.S. housing data and Fed officials’ remarks, which could shape expectations for the December policy outlook.
• A hawkish tone from policymakers may strengthen the dollar and pressure gold lower.
• Conversely, softer remarks could briefly trigger buying around key discount zones, but the overall tone remains corrective after the recent rally.
Market liquidity is concentrated near the $4,230 area — where price may tap into unmitigated supply before continuing its bearish leg.
🔎 Technical Analysis (1H / SMC Style)
• Structure: The overall bias has shifted bearish following consecutive ChoCH and BOS formations.
• Premium Zone: The 4,230–4,228 area aligns with an H1 order block and previous liquidity pool — a prime zone for short re-entry.
• Liquidity Sweep: The recent upside push toward 4,230 may sweep late buyers before the next bearish leg unfolds.
• Discount Zone: Short-term liquidity may rest around 4,080–4,100, which aligns with previous sell-side imbalance (SSI) and acts as an intraday reaction zone.
🔴 Sell Setup
• Entry: 4,230 – 4,228
• Stop-Loss: 4,240
• Take-Profit Targets: 4,100 → 4,080 → 4,050+
🟢 Buy Scalp Setup (Short-Term Countermove)
• Entry: 4,081 – 4,083
• Stop-Loss: 4,074
• Take-Profit Targets: 4,100 → 4,115
(Only valid if liquidity sweep confirms reaction within discount zone)
⚠️ Risk Management Notes
• Confirm M15 BOS/ChoCH before entry — avoid blind orders during news.
• Reduce position size for scalp entries; primary directional bias remains bearish.
• Lock partial profits near first liquidity targets and trail stops as structure confirms continuation.
✅ Summary
Gold faces near-term correction pressure after multiple bullish sessions.
The 4,230–4,228 zone offers a clean premium OB entry for continuation shorts, while reactive buyers may scalp intraday from 4,081 if liquidity sweeps occur.
Stay adaptive — today’s sentiment is short-term bearish within a larger range-bound structure.
FOLLOW RYAN_TITANTRADER for daily SMC setups ⚡
Attractive Bullish Gold SetupHey, it’s Erik!
XAUUSD is currently in a fascinating phase. After a strong pullback from the upper boundary of the ascending channel, gold is now heading toward the lower boundary. This region aligns with a key support zone, and a potential reaction here could propel the price back upward.
If buyers manage to defend this level, the potential for a rise to $4,380 is significant. This level coincides with the middle of the channel and previous resistance, making it a logical short-term target in this bullish market structure.
However, there’s an important caveat. If the market fails to hold this support, the bullish scenario could lose its validity, and we might see a continuation of the downward trend. That’s why it’s crucial to wait for clear confirmation before entering. A rejection wick, increased buying volume, or a bullish engulfing pattern are all key technical signals to watch for the right entry point.
So, what do you think? Ready to seize this opportunity, or do you see other risks? Share your thoughts with us!
OOO GOLD IS THAT A DOUBLE TOP?I feel like I see a double top formed on the daily! The real test will come with the fib pull back in the 4249-4255 price range but only price will show us but I think we are seeing a key area for gold and If I had to choose I would say we may be heading for a minor pullback to let off some steam and also take some par profits!
Let me know yall thoughts tho and what do you think! GD luck tomorrow, I cant wait for the NY session.
Gold - Sell around 4150, target 4120-4080Gold Market Analysis:
Yesterday's gold price plunge marked its largest single-day drop in several years. The previous rally was as exhilarating as the current decline. Markets are like this, and after all, there are always surprises. The 4-hour chart formed a large M-shaped pattern at a high level, signaling a short-term top. At least in the short term, gold will struggle to rally again. The market will essentially undergo a correction and adjustment. If the weekly chart fails to close above this level in the next three days, it will likely signal a significant top. The weekly chart has closed positive for nine consecutive weeks, so a negative close this week is unlikely. We are simply followers, following the trend rather than fighting it. Yesterday's market action provided an unforgettable memory for investors who prefer to speculate on the market without risking losses. Today, we need to wait for a rebound to see if there's an opportunity for correction and adjustment.
Yesterday's hourly rebound reached 4150 at the end of trading. It then plunged in the early Asian session before rebounding again, indicating that the hourly level has bottomed out. Today, the price needs to correct within a range. We are currently unsure of the high point of this correction. Opportunities can be found on the 15-minute and 30-minute charts during the Asian session. For hourly trading, focus on the 4150-4080 range. Gold has been experiencing significant volatility recently, and I've repeatedly reminded everyone to take stop-loss orders.
Resistance levels are 4130 and 4150, while support levels are 4080 and 4050. The dividing line between strength and weakness is 4150.
Fundamental Analysis:
Watch the EIA crude oil inventory data today.
Trading Recommendation:
Gold - Sell around 4150, target 4120-4080.
mrmoney limited XAU/USD swing trading ideaprice approached our 4hours QMR and daily timeframe engulfing candle/trendline
Analysis of the latest gold price trends today!Market News:
Spot gold prices continued their sharp decline in early Asian trading on Wednesday (October 22nd), currently trading around $4,020 per ounce, a drop of nearly $130. Amidst the volatile global financial markets, the London gold price is once again facing a severe test of gold's status as a traditional safe-haven asset. Yesterday, gold prices suffered a sharp drop, plummeting 5.3% in a single day, nearly $300, marking the largest single-day drop since August 2020. This plunge was not an isolated incident, but rather the result of a confluence of factors, including investor profit-taking, weakening safe-haven demand, and subtle shifts in the macroeconomic environment. International gold prices have risen by approximately 60% this year. This "flash crash" not only rattled global investors but also reflected the complex dynamics of international geopolitics, economic policies, and currency markets. In the short term, gold prices may enter a period of consolidation. While this plunge may present a buying opportunity for investors, investors should remain vigilant to potential impacts from inflation data and the Federal Reserve meeting. While gold's safe-haven myth has been temporarily shattered, its core value as a hedge remains unchanged. Amidst continued global uncertainty, rationally allocating gold assets may be a wise choice to weather future storms.
Technical Analysis:
Gold experienced a historic plunge, with a single-day drop of nearly 400 points. After reaching a high of $4,381 per ounce, the price plummeted to $4,000, a move widely interpreted by the market as a sharp correction from its recent rapid rise. The end of Diwali gold buying demand in India, a rebound in the US dollar, and the absence of US futures market data due to the government shutdown all contributed to the sell-off. The market is showing signs of a bubble, and this plunge is an inevitable correction after the rally has peaked. The subsequent trend will focus on the sustainability of this decline and the price struggle around key levels. Assuming the global macroeconomic backdrop remains unchanged, gold still has upward momentum in the medium to long term, but the risk of sharp fluctuations in the short to medium term has significantly increased.
Gold Intraday Trading Strategy:
Short-term gold long at 3950-3955, stop loss at 3940, target at 4050-4080;
Short-term gold short at 4100-4105, stop loss at 4115, target at 4000-4030;
Key Points:
First Support Level: 4000, Second Support Level: 3980, Third Support Level: 3955
First Resistance Level: 4080, Second Resistance Level: 4100, Third Resistance Level: 4130
Gold price analysis October 22GOLD UPDATE – Strong Correction Pressure Appears
After a long rally, gold witnessed a sharp decline yesterday, with a deep correction of up to 300 prices - a rare number in the recent period. This shows that profit-taking pressure from buyers is increasing, and the short-term correction trend may continue today.
In the context of the temporary pause in the uptrend, the resistance zones above will play an important role in observing price behavior. If there is a clear price rejection signal at these zones, the priority strategy will be to SELL according to the correction wave.
📉 SELL trigger: When there is a price rejection at the resistance zone of 4179 - 4226
🎯 Target: 3946
The short-term trend is leaning towards a downward correction, so keep a close eye on the price reaction to avoid missing out on the opportunity to trade in the right direction.
A game for the brave. Please participate.Amidst the surging tides of the trend, every ship appears adept. But the true test isn't speed, but staying at sea. Survival is more important than success. Respect the market. Quaid hopes everyone can maintain a steady pace amidst volatility and reap their own wave of wealth.
Gold prices retreated after reaching a high of 4381 on Monday. Early analysis indicated a potential "double top" pattern.
Based on the previous daily fluctuations of around $100, initial expectations suggested a range-bound market fluctuation of 4381-4270. However, the actual trend far exceeded expectations. Prices plummeted from the 4381 high, triggering a sell-off, with the largest single-day drop reaching $300. This market action further demonstrates market uncertainty. Quaid advises everyone to maintain a cautious approach and strictly set stop-loss orders, whether long or short.
A sharp decline is always preceded by a rebound. Prices declined in early Asian trading, not incrementally. Irrational declines will eventually reverse. Don't be intimidated by the market at this time. Don't trade with a normal mindset. Position management is paramount. A 10-point stop-loss is completely unbearable right now, so reduce your position size to about one-third of your normal size.
When the market plummets or soars, you can open positions in batches to keep the total transaction loss within the controllable range of the account.
For short-term trading, you can enter short positions around 4130. I'll update specific trading strategies on the channel, so stay tuned.
