Gold — I drew the chart showing gold's rebound to over 5400 on March 1st, followed by a sharp decline, with the starting point, ending point, and timing all highly consistent.

I have been shorting gold from early March until yesterday, building positions at over 5400, adding more at over 5200, and further increasing at over 5000, capturing the full declines of the first two waves plus the final crash.

Now I have mapped out the subsequent trend of gold:

Since yesterday, gold's movement starting from 4090 appears to be a rebound. If this rebound is targeting the entire decline from 5599 (red line in the chart), then it has the potential to reach 5000; if it is only a rebound from the blue zone shown, then the upside is limited, and after the rebound ends, it will continue to decline to find a bottom.

Before breaking below 4090, I will manage my gold positions according to this logic — the closer to 4090, the higher the risk-reward ratio for the rebound.

Instead of guessing whether it will break through xxx or fall below xxx, I focus on what to do when certain situations occur. Make bold hypotheses, verify carefully.

By the way, today I bought my wife another bracelet. Increasing my gold jewelry holdings by over 150 grams annually is part of my medium- to long-term gold spot accumulation plan. Although there is a slight premium over gold bars, it’s still better than buying handbags 🤣#黄金创43年来最大单周跌幅 $XAUT