Suddenly, spot gold fell below the 1255.0 position and fell all the way!

It fell 100 points in 3 minutes and fell to the 1245.0 position!

"It's fun!"

Lin Haocang gently put down the cup in his hand, wrenched his fingers, and made a crackling bone sound.

At present, the account holds a short position of 2 million lots of spot gold, with an average position of 1255.0, a fluctuation of one point is a profit and loss of 20 million US dollars, and the current floating profit is 100 points, with a total floating profit of 2 billion US dollars, and the net value of the account is as high as 27 billion US dollars.

Looking at the daily chart of spot gold, Lin Haocang muttered to himself: "I seem to have created a double head in the past two weeks!"

Last Monday's top was at 1265.0, and this Monday's top is again at 1265.0.

Every time spot gold rushes to the 1265.0 position, it suffers a heavy blow and an irreversible decline!

Just now, spot gold completely fell below the 1255.0 position and plummeted by 100 points!

At this point, the double head is completely completed!

This can scare the bulls in the market stupidly!

·····

Double top is a term used in the financial market, applied to the stock, futures, bond, and foreign exchange markets, and it refers to a pattern at the top of a technical analysis, characterized by a price rise to a high point and then a decline, followed by a rebound back to the previous high, followed by a larger decline.

This double-headed top is to give the bears in the market great confidence, and at the same time make the bulls in the market fearful, completely shaken their confidence, and even collapse!

···

In the retail investor hall of Yingda Bank, Hengsheng Bank, Bank of East Asia, Dah Sing Bank, and Fenghui Bank, those retail investors who are long are going to cry to death!

"How is this possible?"

"Damn, the bulls actually collapsed at 1255.0!"

"Damn, I just bought 5 lots of spot gold at the 1255.0 position, this is miserable!"

"If you look at the daily chart of spot gold, this is a double-headed top!"

"Last Monday, spot gold rushed to the 1265.0 position and plummeted, this Monday spot gold rushed to the 1265.0 position and plunged again, and now it has fallen to the 1245.0 position, which has fallen by 200 points!"

"Damn, hurry up and close the position!"

"Withdrawn, withdrawn!"

"Yes, is this going to be liquidated?"

"God killed me?"

"Hurry up and close the position, are you still stupid to resist?"

····

The retail investors who were bearish on spot gold before are happy!

"Damn, isn't it a double-headed top in the daily chart of spot gold?"

"Look, aren't these candlestick patterns just an M, head?"

Double top, also known as M head, is also known as M head because the trend is shaped like an English capital letter M.

After a long period of time and magnitude of the stock price rise, if there is a double head top pattern, technical analysis traders usually assume that the rally will end and the decline begins.

"yes, haha, we're going to make a lot of money now!"

"Yes, keep holding it, you're going to get rich!"

"Must be rich!"

······

At this moment, the Jiangdao branch of Gaosheng Bank, Li Zetai watched the spot gold fall to 1245.0, and his face suddenly changed!

Fear is starting to grow!

"What's going on?"

"Damn!"

"How can the bulls at 1255.0 be so vulnerable!"

"Damn it!"

“Fuck!”

"This candlestick pattern actually formed a double head!"

"Damn, Cao!"

Now Li Zetai holds a long position of 1 million lots of spot gold in his account, and he is currently only temporarily floating by 50 points, with a total floating profit of 500 million US dollars!

Compared with the previous floating profit of 2.5 billion US dollars, it is a full profit of 2 billion US dollars!

Originally, he also expected that spot gold could break through the 1265.0 position, and then continue to soar above the 1290.0 position, and it was not a problem to make a $4 billion at that time, but he never thought that spot gold suffered a heavy blow when it rushed to the 1265.0 position, and now it has fallen by 200 points!

In the daily chart, this is indeed a double-headed top pattern, although there is still a floating surplus of $500 million in the account, but Li Zetai is really starting to panic in his heart!

He wanted to close the position, but the moment his finger pressed the mouse, Li Zetai's hand retracted!

"Flat his warehouse!"

"It's not fair!"

Last Monday, spot gold began to plummet from the 1265.0 position, with a maximum decline of 600 points, when he was afraid, and then cut the meat and closed the position, resulting in a loss of $4 billion in vain!

That time he closed the position and lost $4 billion in vain, proving how stupid, ignorant, and foolish he was!

"What a double head, it's just an illusion, there are a lot of moving averages below to support it, what is the panic of labor and management!"

At 1240.0 is the support position of the 5 moving average, he does not need to panic, he will definitely be able to support it!

····

At this moment, Mogeng Bank, Jiangdao Branch, Liu Jianhui watched spot gold fall by another 100 points, falling to 1245.0, and his face was extremely gloomy!

All the floating profits in his account are gone!

Thinking that the floating profit of $1 billion just now is gone!

There is a huge gap in his heart!

When spot gold rose to 1265.0 before, he had a floating profit of $2 billion in his account, and he was looking forward to spot gold rushing above the 1290.0 position, and it would be a piece of cake to earn more than $3 billion at that time!

Unexpectedly, spot gold was hit hard again at the 1265 position!

Now it has fallen by 200 points and has fallen to the 1245.0 position!

When spot gold rushed to the 1265.0 position last week, there was a sudden irreversible plunge in the market, falling as much as 600 points.

The situation is very similar to last Monday!

And spot gold formed a double head at the 1265.0 level!

This made Liu Jianhui very panicked!

If he closes the position now, he will have to lose at least $500 million to come out, and he is reluctant to do it!

"Alas, is the good news from the Federal Reserve's interest rate announcement over?"

"No!"

"Read on!"

At this moment, Jiangdao Kowloon Building, 17th floor, Kowloon Asset Management Company, Abigail watched the spot gold just fall by 100 points, and now it has fallen to the 1245.0 position, and the whole person is dumbfounded!

Trembling all over, cold sweat on his forehead, and cold back!

Unexpectedly, spot gold formed a double head at the 1265.0 position, he was really scared!

Now they hold a long position of 1 million lots of spot gold in their account, with an average position of 1260.0, and a fluctuation of one point is a profit and loss of $1 million, and now they are floating and losing 150 points, a total floating loss of $1.5 billion!

Now the sharp decline in spot gold seems unstoppable, and if it falls by a few hundred points in the next few days, it will be bad!

As long as spot gold falls by another 200 points, their account will have to be liquidated!

Instead of waiting for the liquidation, it is better to take the initiative to cut the meat and break the arm to survive!

Abigail thought about it, his heart was ruthless, and he said, "Close the position for me!"