Happy, today's sharp decline is a long-overdue correction. The real market has little buying demand, and the capital enthusiasm has cooled down, leading to a need to escape. An appropriate correction is beneficial for the gold price to adapt to the purchasing needs of genuine customers. The short position held for over a week finally turned profitable #xaut

$XAUT so exaggerated, it may still rise, but I personally think it needs a cycle and acceptance time. I went to a gold store in China today, and there are basically no purchasing customers. The salespeople prefer prices in a suitable range. Originally, I hoped for better business during the Spring Festival, but the result is even worse. With high gold prices, it's understandable that the largest consumer country for physical demand, China, is like this. Currently, capital is overheating in investment, and it will eventually pull back to a reasonable range. Small position short, Spot has already halved to 4520 #XAUT .