At this moment, the Jiangdao branch of Gaosheng Bank, Li Zetai looked at the trend chart of spot gold and was shocked!

Unexpectedly, spot gold fell sharply again, from 1240.0 to 1230.0.

Spot gold has hit a new low again.

The floating loss in his account is increasing, and now he has a long position of 1 million lots of spot gold in his account, which has a floating loss of $1 billion.

"Damn, what the hell is going on!"

"Labor and management hate it!"

Today's spot gold in the 1235.0 to 1240.0 range of 50 points has been oscillating for most of the day, he thought that when the spot gold rose to 1240.0 again, it would break through the 1240.0 position, and then rise to the 1250.0 position!

Unexpectedly, it suddenly suffered a heavy blow, and directly fell below the support level of 1235.0 and fell to the 1230.0 level.

The bears in the market are too fierce.

It simply broke his heart and despaired!

"Why are the bulls so vulnerable?"

"Alas!"

Li Zetai sighed, looked carefully at the daily chart of spot gold, and found a trace of confidence to support him to continue to resist orders!

"The 1230.0 level is the support level formed by the 20 moving average in the daily chart, and I hope it can be completely supported!"

Spot gold fell below the 5 EMA, fell below the 10 EMA, and has now fallen to near the 20 EMA, he hopes that spot gold will be supported here, and then if the bears in the market retreat, spot gold will rise back.

Now Li Zetai is no longer looking forward to making $4 billion as before, and this time he will be satisfied if he can make no loss or profit.

·······

At this moment, Mogeng Bank, Jiangdao Branch, Liu Jianhui looked at the computer screen in shock, spot gold fell sharply again just now!

Now it has fallen to the 1230.0 position, and he holds a long position of 1 million lots of spot gold in his account, with a floating loss of $1.5 billion!

Before, he thought that spot gold could hold the 1235.0 position, but he didn't expect that the bullish defense line at the 1235.0 position was still broken by the bears in the market.

The bulls are now a complete defeat.

Seeing that there was a loss of $1.5 billion in his account, he felt very uncomfortable!

I regret very much why I didn't close the position last Thursday or Friday, I have to be greedy, and now I have a loss of $1.5 billion in my account, and it is difficult for him to cut the meat.

At this time, he looked at the daily chart, the 1230.0 position is exactly near the support position of the 20 moving average, and there was a lot of luck in his heart.

"Alas, wait a little longer!"

"Perhaps, spot gold will be completely supported at 1230.0"

"If you cut the meat and close the position now, you may lose money in vain"

"It's only a floating loss of $1.5 billion, which is not a lot, let's fight for another day!"

After all, spot gold rose and fell sharply on Tuesday and Wednesday last week, and his account was also floating and sometimes profitable.

It's all resisted, and it's nothing to resist for another day now.

···

Time passed slowly, and spot gold was also supported at 1230.0.

There are a large number of bulls entering the market to long spot gold, steadily holding the attack of the bears, and the situation has become stalemate.

Half an hour later, the bulls began to counterattack, and spot gold rose 50 points up, rushing to the 1230.0 position to rise to the 1235.0 position!

··

At this moment, Cangqiong Capital, Lin Haocang watched spot gold rise by 50 points, causing him to lose $1 billion in profits in his account, and frowned slightly.

Near the 1230.0 position, the bulls formed a new line of defense.

It seems that it will be difficult for spot gold to fall below the 1230.0 position tonight.

So Lin Haocang got up and poured a cup of coffee.

···

At this moment, at the Jiangdao branch of Gaosheng Bank, Li Zetai watched the spot gold rise back to the 1235.0 position, and suddenly his face showed joy!

Sure enough, it was right to continue to resist.

Now he only has a floating loss of 500 million US dollars in his account, and when spot gold rises by 50 points and reaches above the 1240.0 position, the floating loss in his account will also become a floating profit.

"Let's continue to rise for labor, it's best to rush to the 1260.0 position, and I'll close the position when the time comes!"

Now he sees a lot of hope in his heart, and his requirements for this operation have been improved, and he expects to make 1 billion to 1.5 billion US dollars!

··

At this moment, Abigail, a large asset management company, watched spot gold rise to 1235.0, his face changed, and he looked at the trend chart of spot gold with a worried face, for fear that spot gold would continue to rise!

The $500 million profit in their account is gone, and they are not losing or earning at the moment.

The assistant on the side looked at Abigail's face full of worry, so he said cautiously: "President, spot gold will definitely not rise, you can rest assured, the bears in the market will definitely beat the spot gold again!"

Abigail listened and nodded.

··

At this moment, Mogeng Bank, Jiangdao Branch, Liu Jianhui watched spot gold rise by 50 points, his face showed joy, he guessed that it was not wrong, spot gold will definitely be supported at 1230.0, and then it will rise.

Now that spot gold is back at 1235.0, he still has a $1 billion deficit in his account, which has given him a lot of confidence.

Time passed slowly.

At this time, the United States released an economic data,

Chicago PMI in July

Previous: 61.4

Forecast: 59

Published value: 60

It is a barometer that reflects the comprehensive development status of the manufacturing industry in terms of production, orders, prices, employees, deliveries and other aspects. The Chicago PMI is the most important part of the national PMI, which is usually released before the release of the national PMI, and the market often makes expectations for the national PMI based on the performance of the Chicago PMI. The Chicago PMI is expressed as a percentage, often using 50% as the cut-off point for the strength of the economy: when the index is above 50%, it is considered to be an expansion of the manufacturing industry, and when the index is below 50%, especially very close to 40%, there are concerns about economic depression. The Chicago PMI is also a very important sub-indicator of leading indicators, and the market values this data.

This data is bullish for the US dollar and bearish for spot gold!

The bears in the market suddenly exerted their strength, and 3 minutes later, spot gold fell by 50 points, from 1235.0 to 1230.0!

The bears are menacing!

Liu Jianhui looked at the spot gold that could fall below the 1230.0 position at any time, and his face suddenly changed!

"I can't continue to resist, I can save my life by retreating now!"

He gritted his teeth and hurriedly began to close the position!

Spot gold fell below the 1230.0 level under his liquidation, and 20 minutes later, it fell to the 1220.0 level!

The average long position of the 1 million lots of spot gold in his account was closed at 1225.0, and he lost 200 points, a total loss of $2 billion!

Heartache, heartache!

Liu Jianhui slapped himself hard and left the office.