InfiniteGame

#黄金# Be patient and wait for a pullback opportunity. If it doesn't come, keep observing. If the trend reverses, there will always be a pullback. Trends don't end in a day, nor do they end after just one upward move; otherwise, it wouldn't be a true trend.

Gold. After a second pullback and retest, I wrote an article last Thursday titled 【Gold, Don’t Chase the Desperate】, reminding readers that gold shouldn’t be overly bearish, and that paper gold and gold ETFs are good opportunities to start building positions. Late Thursday night, favorable news came out. On Friday, prices moved sideways throughout the day, and this Monday opened strong and rallied steadily. Leveraged trading is basically not doable.
So what should you do now? First, take a look at how the previous two rebounds from the bottom unfolded: after the bottom on 2.02, gold rebounded,

#黄金# I didn't take advantage of this wave of gold, I only noticed paper gold and gold ETFs, and didn't make a move on leveraged trading. It stabilized in the late night of Thursday, moved sideways on Friday, and opened high on Monday. Without early prediction, it's probably impossible to do. So I'll wait for the opportunity for a second correction.

Gold, Do Not Chase the Desperate
Gold, yesterday announced May's CPI data, previous 3.8, expected 4.2, actual 4.2.
CPI data has climbed from 2.4 in February to the latest 4.2, and gold prices have retraced 28% from their all-time high.
The CPI data has turned upward, and expectations of rate hikes are heating up, which is bearish for gold.
The logic is like this. CPI data is actually easy to resolve; just drop the oil prices.
Once the war ends, oil prices can fall.
Gold has already broken the low of May 23rd and also fell below the MA60, so is gold like that stock market, full of mud

#黄金# The previous support has been broken. If you're trading paper gold or gold ETFs, this is actually a good position to buy some holdings. Leverage trading is still not advisable.

Gold, this wave must break the previous low.

Gold, recently it's been hard to trade, still fluctuating, going up one day and down the next, then up again, then down again, with no clear trend. Now all the funds have probably shifted to US stocks to focus on AI.
When a market doesn't have a particularly good trend, the best approach is to stay away from it. If you're worried about missing out on the trend, participate with very small mini positions. Otherwise, it's easy to lose a lot of money. Although it's a sideways move, the fluctuations aren't small, making emotional trading very likely.

Gold has been consistently suppressed by moving averages, although the rebound can sometimes be very fierce, it has never broken through the cluster of moving averages. From this perspective, gold is still oscillating with a slight bias to the downside, and there is a chance to try short positions with small holdings.
A-shares, at the end of May I fully invested in betting on the rebound of oversold Baijiu, but it failed. Currently, the main theme in the market is still AI, and today’s indices are all in the red, but the median -1%, which means about 70% of people are losing money. The US stoc

#黄金# I don't understand what it is supposed to do, so I'm just watching for now.

The year-to-date gains of the “Seven Sisters” in the U.S. stock market—if you bought an equally weighted basket with 100 yuan—would currently give you a return of 7.4%. In the same period, the Nasdaq is up 19.48%, the S&P is up 10.13%, and the Dow is up 6.18%. In other words, the U.S. stock market also has a siphoning effect: not all of the big-weight stocks are rising, but fortunately, not many are falling.
Right now, market capital is flowing into the AI sector, and Micron and Seagate have become the most attractive picks at the moment. However, the siphoning effect isn’t as strong as it is

Retail investors (including me) can’t make money mainly because they suffer a major loss.
Because the final outcome of a trade is usually a small loss, a small profit, a big loss, or a big profit.
Small losses and small profits won’t make big money, and they won’t help you earn big money. But as long as you eliminate big losses, it’s hard to lose a lot of money. Even if you occasionally have big wins, you will ultimately end up making money.
To eliminate big losses, every trade needs a stop-loss, and you can’t “hold onto the position.” Newcomers get wiped out by holding onto losing positions,

Gold, after closing out short positions last night, tried to short again after the US market opened in the evening, but this time the rebound was very strong, hitting the stop loss.
The rebound from yesterday's low was $177, which is not a small amplitude, but it's basically hard to achieve.
Currently, the gold trend is also uncertain about what will happen.
First view: After the rebound, it will continue to fall, completing three waves of decline, and find support at the MA60 or the previous low.
Second view: Falling 0.618, another two-wave decline, yesterday's low has already stabili

#黄金# Doing 2-3 trades per week is the most profitable, and combined with testing positions, it shouldn't exceed 5 trades, excluding floating profit additions. That is, only opening and closing positions; doing more will only lead to more losses.

When trading, after you take profit or stop loss on a trade, you actually shouldn't rush to enter again. Instead, resting is the best approach. Futures and stocks are the same.

#黄金# Probably can't estimate today, so I cut my losses and exited. Tomorrow, I'll see if I can short around 4500.

#黄金# Continue holding the short position, still looking for opportunities to short today.