1104 The last bastion of all bulls, a technical key support position!
Time passed by seconds, but it passed slowly!
The traders of Standard Chartered's investment banking department watched this scene with excitement!
Their eyes were full of greed and fanaticism!
Spot gold has been oscillating up and down from 1301.0 to 1302.5 for nearly 2 minutes, and their 200,000 short orders are almost finished!
"Keep falling"
"Keep falling!!"
"Hurry up!"
"This American economic data is so powerful, those bulls are going to be miserable, haha!"
"Yes, it fell below the 1305.0 position before, and now it is another bearish economic data, and it may fall below the 1300.0 position tonight!"
"A break below the 1300.0 level may not work, after all, it is a technical key support level!"
"Maybe, hey!! you see, it's falling again!"
"Wow, it's falling again, it's falling again!!"
"Haha!!"
"The bulls are crying to death tonight!"
"Haha, yes, these guys are just waiting for the liquidation!"
Just now when spot gold fell to 1301.0 for the third time, the market's buying was consumed again, and their 200,000 hands of short closing orders still failed to support spot gold!
Spot gold fell below the 1301.0 level and headed towards the 1300.0 level!
2 minutes later, spot gold finally fell to the 1300.0 position, and then suddenly rebounded and rose 5 points up, rushing to the 1300.5 position, but in less than 1 minute, it fell back to the 1300.0 position again!
In the 5 minutes after the release of the US economic data, spot gold fell from 1303.5 to 1300.0!
Hit a new low again!
At this time, Mo Liang asked: "How much did you make by shorting spot gold this time?"
A trader said excitedly: "Manager, this time I made a total profit of 100 million US dollars!"
They shorted a total of 200,000 short positions of spot gold in the short term, with an average opening position of 1306.5, a fluctuation of one point is a profit and loss of 2 million US dollars, and an average closing position of 1301.5 positions, a total of 50 points of profit, a total of 100 million US dollars!
In less than 2 hours, they made $100 million!
Everyone's excitement!
Mo Liang nodded and said, "Very good!", they are just doing ultra-short terming, fast in and out!
However, tonight's record is not bad, he made a profit of $100 million in less than 2 hours, and he is very satisfied!
He immediately reported to Huang Hongnian, the chief executive officer of Standard Chartered Investment Bank, on the results of a small battle.
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At this moment, Bank Indonesia, Gato Trihago was horrified, looking at the 5-minute chart of spot gold with a blank face, with deep fear in his pupils!
The whole thing was shivering, and the clothes on my back were soaked!
"Damn!!"
"Damn God!"
"Damn American economic data!"
"Damn the bears!"
"Damn spot gold!!"
Gato Trihago clenched his hands tightly, and his fingernails seemed to sink into the flesh of his palms!
He clenched his teeth tightly, his eyes were full of anger, unwilling!
"Ah!!!h
"Ah!!h
"Why!!"
"Why is this happening!!"
"I don't understand !!"
At this moment, Gato Trihago regrets in his heart, regretting that he has been resisting the long position of spot gold!
I regret adding 1 million lots of long positions!
regretted that spot gold had fallen all the way, but he still kept resisting!
I regret my misjudgment!
At this moment, he is conflicted in his heart, and the pain is incomparable!
"What now!!
"Alas!!"
"Now spot gold has fallen to the technical key support level of the 1300.0 level!"
"The 1300.0 level is the key technical support level for spot gold, and this will be the last bastion for the bulls!"
"If spot gold falls below the technical support level of 1300.0, I can jump off the building!"
"Alas, now it's just fate!"
Now they hold 2 million long orders, with an average position at 1332.0, and a fluctuation of one point is a profit and loss of $200 million, and they are currently floating at a loss of 320 points, with a total floating loss of $6.4 billion!
There is still $1.6 billion left in the account!
"It can also resist 80 points!"
"Keep fighting!!"
Now they can't go back at all, they can either turn over or die!
It felt like a wild boar falling into a river and about to drown, when a crocodile happened to swim nearby!
I can only fight hard!
··
At this moment, GAM Fund, Zhang Lei was frightened, and his eyes were extremely dull looking at the one-hour chart of spot gold!
His heart was desperate!
"Ugh!! this is fucking spot gold!"
"Spot gold has been falling for so long, when will it be a head!"
"Since the Malaysia Airlines incident, it has been falling intermittently!"
"It's fucking down from 1400.0 to 1300.0!"
"1000 points, ah!!"
"These big shorts are just waiting for us to blow up!!"
"These bastards!!
"Hateful !!"
Spot gold has hit new lows all the way and fallen below one key support level after another!
Now it has fallen to the technical key support level of 1300.0!
This is the last line of defense for their bulls!
Once the defense line at 1300.0 is broken by the bears again, then their long-term bulls will also be ready to blow up!
"Whether it can be brought back to life depends on the technical key support position of 1300.0!"
"Alas, whether it is death or life, let God decide!"
Now they hold a total of 5 million long positions, with an average position of 1335.0, a fluctuation of one point is $50 million, and now they are losing 350 points, with a total floating loss of $17.5 billion!
Previously, they lost $3.3 billion on spot silver, causing the size of the GAM fund's assets to shrink to $37 billion!
Now there is a loss of $17.5 billion in the spot gold market!
There is still $19.5 billion left in the account equity!
Spent $5 billion in margin to open a long position of 5 million lots of spot gold, and there is still $14.5 billion of available funds left in the account!
Thinking of this, Zhang Lei shuddered, gasped, and looked extremely decadent!
The whole person looks like a lost soul!
··
At this moment, Chen Hui's hedge fund, Liu Nengguang's trading team, everyone was extremely excited and cheered!
"Haha, spot gold has finally fallen to the 1300.0 position!"
"Hehe, I'll just say, spot gold will definitely fall to 1300.0 tonight!"
"Haha, those bulls are really crying to death!"
"I should say I drowned in a pit!"
"Just sit back and wait for those ultra-short-term, short-term, and long-term bulls to blow up!"
"The 1300.0 position is the last line of defense for the bulls!"
"Yes, once the last fortress is breached, it will be the beginning of a massacre!"
"Haha!
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Liu Nengguang was also very excited to watch the spot gold oscillating at the 1300.0 position, and he muttered: "It's like a bamboo!!"
Today, their trading team holds a short position of 6 million lots of spot gold, with an average position of 1355.0, and a fluctuation of one point is $60 million, with a total floating profit of 550 points, and a total floating profit of $33 billion!
The assistant on the side also said excitedly: "Manager, now that spot gold has fallen to the technical key support position of 1300.0, will we lock up hundreds of thousands of hands, and then use these hundreds of thousands of hands to smash the market?"
"When the time comes, break the 1300 position in one fell swoop!"
Before, they used 400,000 long liquidation orders to smash the market, so that spot gold fell below the 1305.0 position!
Liu Nengguang said: "Don't use it for the time being!" Please use the latest domain name to read books on this site