Gold fell 17%, silver fell 40%. Who with leverage could withstand that kind of drop? All the bulls are dead; what's left is just sentiment. How do you understand this?
Silver shorts would have been wiped out at 100, but 100-120 is just sentiment.
There's a little trick for trading gold and silver: XAU/USD opens at 7 AM daily,
SHFE gold opens at 9 AM.
A few days ago, gold's main trend was upward. Every time it gapped up at 7 AM, SHFE gold would continue to surge at 9 AM. This reflects the fear of missing out on buying and the stop-loss sentiment of short sellers.
These past few days, gold and silver have mainly corrected, so I opened short positions before 9 AM to profit from the sentiment and SHFE gold's stop-loss. Making 20,000-30,000 USD is perfectly reasonable; who knew it could reach over 100,000 USD?
So, if Trump's rhetoric causes gold to gap up at 7 AM, and you have long positions, you can hold until 9 AM to close them when SHFE gold rallies.
The reverse is also true.
