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

It fell by 100 points in 3 minutes and fell to 1245.0!

"It's fun now!"

Lin Haocang gently put down the cup in his hand, pulled the wrench's fingers, making a crackling sound of bones.

Currently, there are short positions in the account with 2 million spot gold, with an average position building position of 1255.0, and a point of fluctuation is a profit of 20 million US dollars. Currently, there are 100 points of floating profits, totaling US$2 billion, and the net value of the account is as high as US$27 billion.

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

The top of the last Monday was 1265.0 position, and the top of the Monday was 1265.0 position again.

Every time the spot gold reaches the 1265.0 position, it will suffer a heavy blow and an irreversible decline!

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

At this point, the two heads were completely completed!

This scared the bulls in the market!

·····

Double-headed top is a term used in the financial market, applied to stocks, futures, bond markets, and foreign exchange markets. It refers to a top pattern of technical analysis. The trend is characterized by a price rising to a high point and then starting to fall, then rebounding and returning to the previous high point, followed by a larger decline.

This double-headed top gives the bears in the market great confidence, and at the same time makes the bulls in the market fear, completely shake the confidence, and even collapse!

···

In the retail investors' halls of Yingda Bank, Hengsheng Bank, East Asia Bank, Daxin Bank, and Fenghui Bank, those retail investors who are long are about to cry to death!

"How is this possible?"

"What, the bulls actually collapsed at 1255.0!"

"Damn it, I bought 5 spot gold at 1255.0 just now, it's so miserable!"

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

"Last Monday, spot gold hit 1265.0, and then plunged. This Monday, spot gold hit 1265.0, and then plunged again. Now it has fallen to 1245.0, and has fallen by 200 points!"

"Damn, close the position quickly!"

"Retreat, withdraw!"

"Is this going to be a liquidated position?"

"God killed me?"

"Closing the position quickly, are you still stupid enough to resist?"

····

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

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

"Look at it, aren't these k-lines just an m head?"

Double-head top [double    top], because the trend is like the English capital letter m, so it is also called m head.

After the stock price rises for a long time and amplitude, if a double-headed top pattern appears, technical analysis traders usually believe that the upward market will end and the downward market will begin.

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

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

"Must get rich!"

······

At this moment, Li Zetai watched the spot gold drop to 1245.0, and his face suddenly changed!

I began to fear inside!

"What's going on?"

"Is that!"

"How come the bulls at the 1255.0 position are so vulnerable!"

"Damn it!"

“Fuck!”

"This k-line shape actually forms a double-headed top!"

"Is that, Cao!"

Li Zetai’s account now holds a long position of 1 million spot gold. Currently, it is only temporarily floating profit of 50 points, with a total floating profit of 500 million US dollars!

Compared with the previous floating profit of US$2.5 billion, the profit is 2 billion less!

Originally, he was expecting spot gold to break through the 1265.0 position and then continue to soar above 1290.0 position. It would not be a problem to make $4 billion at that time. Unexpectedly, spot gold was hit hard 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 form. Although there is still a floating profit of 500 million US dollars in the account, Li Zetai is really panicking!

He wanted to close the position, but the moment he pressed his finger on the mouse, Li Zetai's hand shrank back!

"Is it a good place to settle his warehouse!"

"Unfair!"

Last Monday, spot gold began to plummet from 1265.0, with a maximum drop of up to 600 points. At that time, he was afraid, and then cut his losses and closed his positions, resulting in a loss of 4 billion US dollars in vain!

That time he closed his position and lost $4 billion in vain, proving how stupid, ignorant, and fool he is!

"What double-headed tops are just illusions. There are many moving averages underneath, so why are labor and capital panic?"

At the 1240.0 position, it is the support position composed of the 5 moving average. He doesn’t need to panic, he can definitely support it!

····

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

All the floating profits in his account disappeared!

Thinking of 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, his account had a floating profit of $2 billion. He was also looking forward to spot gold reaching above 1290.0. It would be a piece of cake to make more than $3 billion!

Unexpectedly, spot gold was hit hard again at 1265!

Now it has fallen by 200 points, falling to 1245.0!

When spot gold reached the 1265.0 position last week, an irreversible plunge suddenly occurred in the market, with a drop of up to 600 points. Fortunately, he ran fast at that time, otherwise he would have lost a huge loss!

The situation is very similar last Monday!

Moreover, spot gold forms a double-headed top at 1265.0!

This made Liu Jianhui very panicked!

If you close your position now, you will have to lose at least $500 million before you can get it out. He is reluctant to let it go and can't make up his mind!

"Oh, is it over that the Fed's announcement of the good news from the interest rate?"

"No!"

"Stay on, keep watching!"

At this moment, Kowloon Building, 17th floor, Kowloon Asset Management Company, Abigail saw that the spot gold fell by 100 points just now, and now it has fallen to 1245.0. He was stunned!

My whole body was trembling, my forehead was covered with cold sweat, and my back was chilly!

Unexpectedly, spot gold formed a double-headed top at 1265.0, and he was really scared!

Now they hold long positions of 1 million spot gold in their accounts, with an average position building position of 1260.0. One point of fluctuation is a profit and loss of 1 million US dollars. Now there are 150 points of floating losses, totaling US$1.5 billion!

The sharp drop in spot gold now seems unstoppable. If it falls by hundreds of points in the next few days, it would be awful!

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

Instead of waiting for the stock to explode, it is better to take the initiative to cut off your flesh and cut off your arms to survive!
Chapter completed!