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Gold crashes in late night! Long positions trapped, stop stubborn holding
Gold plummeted significantly tonight, leaving many long positions caught.
Watching unrealized losses grow bigger and bigger, panicked, anxious, can't sleep, so exhausting.
Can it bounce back after all? How should positions be handled?
The more rushed you are, the more chaotic it gets; the more you hold on, the bigger the losses.
Don't blindly cut losses, and don't recklessly add positions to average down costs.
This wave is a resonance of bearish news + capital flight + technical breakdown, with extremely strong bearish momentum.
Remember this one thing:
Small losses are lessons; stubborn holding is a disaster.
Preserving capital is a million times more important than gambling on a rebound.
Keep your mindset stable, and you'll have a chance to break even.#黄金