Black Monday! Global financial markets are experiencing a collective bloodbath, with gold plunging over 6% in a single day and silver crashing 36%. This crash, triggered by the Fed's hawkish leadership change and tightening liquidity, has taught all traders the most hardcore lesson! The fact that this wave of decline didn't lead to liquidation is not luck but risk management. This is the most tangible gain! In the current macro environment of the Fed's policy shift and global liquidity contraction, caution is always the top priority. Position management and strict stop-losses have never been empty words—they are fundamental to surviving in the market!

Don't be fooled into thinking gold prices are at a low now; in contract trading, absolutely avoid bottom-fishing! The current market cycle of relentless selling continues. Bottom-fishing in a downtrend is like catching a flying knife against the trend. Follow your strategy strictly and don't be swayed by the so-called "low position" hype!

The current trading rhythm is clear: on small timeframes, rely on support levels for light long positions, quick entries and exits; on larger timeframes, the trend remains predominantly bearish. Unless gold price effectively breaks through key resistance levels and confirms a trend reversal, do not easily change your position! This wave of plunge proves that only by respecting the market and strictly following the rules can you stand firm in a financial storm!