
枯木可逢春
枯木可逢春
Shione Black Powder Group Leader
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A quick risk reminder: I took profit on half of my gold position at the lowest point, then closed the base position during the upward move. I also closed the short on the coin at 73000. Overall, the profit has been cut by about half, which is still acceptable. There will be better opportunities to trade again later. Currently, the market looks very likely to rebound, but I won’t participate in any long positions. I’ll just patiently wait for the chance to short again.

The next target for the short position is 71000-70000, and gold around 4300. The second target is breaking 60,000, and gold breaking 4000. When to take profit is up to you. The past half month has been intense trading, very tiring but rewarding. Planning to rest for a few days. Currently considering whether to go to Macau to hang out with them. Pausing updates on trading status for now. See you in the next market cycle. Signing off.
The fundamentals of gold have changed now. The market is focused on US and Japanese government bond yields and the yen's movement. Gold no longer has any safe-haven properties. I've been trading gold much longer than I've been involved in crypto. The first time I turned a profit trading full-time was with gold and silver. I understand gold's temperament quite well. Gold is very likely to break 4000, probably heading to around 3600-3800. With a relatively optimistic outlook, be patient and make a strong move.





