Gold in simple terms:

Since March, the hype has been coming in waves, blooming everywhere. As gold prices continue to rise, market attention has skyrocketed. In 2023, gold was below $2,000, and few people paid attention to gold. Daily fluctuations of $50 were considered extreme, and the entire year's market movement was just over $200.
In just two or three years, gold has risen to $5,600, with the highest price of gold in RMB reaching 1,200 yuan/gram. Daily movements of hundreds of dollars are common, with market swings of several hundred to over a thousand dollars, creating a rollercoaster of excitement. Volatility hasn't changed; it's still 3-5% daily. The only difference is that the gold base has grown larger. A 5% move on $2,000 is at most $100, but on $5,000, it's $200-300. The old indicators and quantitative logic are starting to fail, and past experience has become a burden.
After moving from 4,300 to 5,300, we watched cautiously, rarely trading short-term. Now, I still advise everyone to stay calm and return to the principle of simplicity—"the great way is simple."
I believe true skill isn't external but internal—how to reconcile with oneself, stop being led by the market, not rejoice over profits, not anger over losses, and accept all good and bad. Trading isn't against human nature but against common sense. Human greed and fear don't need to change; trade in harmony with human nature. Whether in crypto or gold and silver, the core remains the same! That's enough chatter. I hope everyone listens. Now, let's talk about today's rhythm from yesterday!
During the live broadcast, I clearly suggested shorting around 4600 in gold, expecting a decline to 4480, which is now the current level! Today, during the European session, the rebound couldn't hold above 4500. Market sentiment shows oscillation and hesitation. The trend requires close attention to whether the 4600 resistance can be broken with strong buying volume. In the short term, support is around 4180—this is the dividing line between bull and bear!
For short-term trading, a slight rebound to 4465 during the European session is a good entry point, with a target of 4360-4280. If support holds, consider short-term long positions on rebounds!
Silver is currently in a correction phase. The daily chart shows three bullish candles, but they are weak and lack strength. 75 doesn't stabilize, and there's no sign of momentum. Today, still short, aiming at 68.8, with a look at 64-62.
That's all for now. Wishing everyone smooth sailing. Those serious about trading gold and silver should study the strategies carefully! I will also discuss them in the live broadcast! $BTC $XAUT ‌#贵金属领涨 #Gate正式接入Polymarket #The US and Iran each insist on their own terms for a ceasefire negotiation.