Rebirth of the Investment Era.

Chapter 15 Before the Plunge
$1515, $1511, $1509…

In less than 15 minutes, gold fell by more than 25 US dollars in one breath, plummeting 250 points, breaking through numerous short-term stop loss orders set around the 1521 price.

Also within these 15 minutes, Su Yu's holdings were profitable and skyrocketed.

With a total of 1.6 lots of positions, the profit exceeded 8000 US dollars, the total funds in the account reached more than 8800 US dollars, and the available margin also increased to more than 7400 US dollars.

Su Yu stared at the trend of gold that continued to plummet, holding the mouse in his right hand, and did not increase his position for the time being.

If the long line of defense at $1500 is not broken, the price of gold will definitely go back and forth.

He is waiting for the market bulls who are still holding on to luck at this moment to use the last funds to buy bottoms and hit a secondary high before gold officially breaks through $1500.

And that secondary high point is his heavy position to enter the market.

The distance between 1521 and 1500 US dollars has accumulated too much bullish power. Even if the market is strong and bearish, and the bearish momentum is like a rainbow, it is difficult to penetrate directly.

and so……

After plunging more than 250 points in one breath, it should be inevitable for gold to rebound short-term to digest the profit-making ultra-short-term investors and the solid long-term investors who are lucky to buy bottoms.

Sure enough, Su Yu was waiting patiently.

Gold rebounded at 1508.75:7 after reaching the lowest price of 33.

"Haha, hold on, under the bearish attack, gold once again held up the price of 1500 US dollars." Seeing that gold rebounded rapidly after the bearish plunge, there were many bullish posts on the trading forums that Su Yu followed. It began to appear, "Looking at the situation...it seems to be a bottom deviation!"

"Don't doubt it, it's the bottom line."

"Indeed, today's low point and last Thursday's low point just formed a trend of bottom divergence on the daily line."

"Twice bearish, failed to make the price of gold break through 1500 US dollars. Is this enough to prove the strong support here? Be optimistic about gold... It will inevitably reverse in a V shape today."

"A heaven-sent opportunity to buy bargains!"

"One bang, then decline, three exhaustion, since the short sellers failed to break through the support of $1500 in the face of bad news, then it is impossible to break through again in the future."

"The price of gold has corrected from US$11 on September 9, 6. It has been corrected for a long time, and it is almost time to return to the upward trend."

"Do more, do more..."

"In the current situation where global inflation remains high, it is most reassuring to be long gold."

"Yes, since 01, gold has been bullish for more than ten years. Even Goldman Sachs said that it will see $2500 in the next year. It makes no sense not to buy the bottom at this time."

Among the many speeches, it is still the majority to see more and do more.

After all, after more than ten years of gold bull market, being long and bullish on gold has almost become deeply ingrained in the minds of most investors.

Even if the price of gold at this moment is only a short distance away from falling below the bull-bear line of $1500.

We also don't think that gold will break through $1500 and fall into a tragic bear market.

With the influx of bulls chasing the market and the profit-covering of ultra-short-term short-sellers, in the last period of the European market, the price of gold continued to rise after the negative impact, quickly approaching the previous low of $1521.

And after entering the US market...

The rebounding trend of gold price began to weaken again when the profit-covering force of ultra-short-term short-term elements failed again.

Seeing that the price of gold was around $1518, Su Yu pulsed upward several times, but failed to get out of the continuous upward trend. Knowing that the secondary rebound high point he was waiting for had arrived, he held the mouse tightly and clicked on this position in one breath. position, placed a 2-hand gold empty order.

Compare the total funds in his account at the moment and the amount of available margin.

An empty gold order of 2 standard hands is already considered a heavy position.

After Su Yu's order was completed, the price of gold continued to fluctuate around US$1518 for a short period of time before it began to fall again under the pressure of short positions.

After digesting the ultra-short-term profit taking during the bearish plunge in the European market.

The downward trend of gold has become more aggressive than the previous rebound trend. In more than half an hour, it was once again approaching the bearish plunge low of $1508.75.

Su Yu stared at the time-sharing line of gold's smooth decline, and did not move.

he is waiting...

Wait for the new bad news to appear in the market tonight, and after gold consumes all the bulls' bottom-hunting power, it will finally break through the $1500 mark in a flash crash, burying all the bulls in the market.

The sword of Damocles, which is about to sell off the gold reserves of the Central Bank of Cyprus on a large scale, hangs over the market.

He does not believe that various hedge funds on Wall Street, Goldman Sachs, Morgan and other large investment banks will not take any action when they know that the fundamentals of gold have turned negative.

At present, the gold long positions of the world's largest hedge funds are still huge.

And this is the reason why the market, in the next... will inevitably plummet.

Because the large bullish main institutions in the market cannot remain indifferent after realizing that the market is not good, they will inevitably reduce their positions significantly to reduce the risk of holding positions.

And the centralized lightening and covering up of these large institutions is the biggest weapon to kill the market.

While Su Yu was waiting, at 10:17 p.m., the price of gold hit $1508 and gained short-term support again.

And at this time, the only remaining bulls in the market are chasing the market, and once again, they poured in here, hoping that gold will bottom out and rebound, as it did last week, and start a violent rebound.

Also at this time...

Su Yu, who was waiting patiently, suddenly received an application from the account manager of the Huaguo East China Area of ​​the foreign exchange trading company he opened an account to invite him to join the group on the Penguin.

Su Yu checked it and agreed.

After all, his previous job was no different from that of the other party. Generally, he would agree to this kind of invitation to join a group, even if it did not involve his own interests.

Of course, after joining the group, except for work tasks, he generally doesn't like to talk.

"The price of gold has fluctuated greatly tonight. I wonder if it can hold $1500?" After entering the group, Su Yu found that everyone's topic was still on gold, so he couldn't help but read on.

"The bottom that the market took two years to build should still have enough support."

"Cyprus is a small country, how much impact can the sale of its central bank's excess gold reserves have on the market? I don't think there is any fear at all."

"Anyway, I bought the bottom and placed a long order of 1508.45 lots of gold at a price of $1.5."

"Last Thursday, the Federal Reserve's monetary policy meeting was scary enough, right? At that time, the bearish sentiment in the entire market was unprecedentedly high. As a result, gold made a shocking reversal in the second half of the night. I think the market for gold today is likely to be the same , the winning percentage of long positions at this position should be much greater than that of short positions.”

"Yes, even if the Cyprus central bank crisis is a bad news, gold fell from above $1530 all the way to $1508. I think the reaction should have been completed. The follow-up should be the market recovery after the bad news landed. Going long... There is no problem at all. "

"There is nothing wrong with being long, but none of you have mentioned the key point." A person with the ID "Gold Point Gold Hand" said, "The reason why gold has a strong support here and will not fall through is because It is because this price is the cost range for Goldman Sachs, JP Morgan, and many large hedge funds around the world to repeatedly increase their long positions, and it is also the cost range for the gold positions held by major central banks around the world, and this is the real bull-bear line of gold. The economic situation is still not optimistic, and the inflation situation is still climbing, and the gold bull market will definitely continue."

"So, boldly increase positions and buy bottoms."

"If you miss this opportunity, I'm afraid you won't see gold at this price again in the next year."

"Since Mr. Huang is strongly bullish and calls for bottom-hunting, then gold will definitely not fall below this price again. I will follow Mr. Huang's advice and add 2 more gold positions."

"I will continue to increase my position by 0.3 lots of gold."

Su Yu saw the ID named 'Golden Point Golden Hand', and what everyone called it in the follow-up discussion.

I always feel that this person is somewhat familiar, but I can't remember it for a while.

"Ms. Huang's prediction on the gold market last Thursday was completely correct. Unfortunately, I hesitated at that time and I didn't have time to increase my position." Su Yu thought about it, and an ID in the group called 'Investment Ruhai' continued the conversation. , "Since it is a rare opportunity this time, then I will make a big move. The position of 1508 US dollars, 25 lots of gold is more than one entry. I really made a lot of money. I will definitely treat Mr. Huang to dinner another day."

Seeing the number 25, Su Yu knew that this was a big household, and was a little surprised.

Then, he took a closer look at the public information of this person's account, only to find that this "investment like the sea" group friend was actually an investment client of the sales department he was in charge of before.

His surname is Sun, he is the owner of a construction company in Yuhang, and he has a lot of assets.

At that time, Su Yu spent a lot of thought to get this person to open an account and invest in the sales department, but unfortunately... Later, the other party thought that the stock market was really sluggish, he couldn't make money, and it wasn't exciting enough, so he stopped trading and withdrew from his client list.

Su Yu never expected that after the other party withdrew from the stock market, he turned to the foreign exchange market.

I didn't even expect to meet in this group.

"You're welcome, my friend." Su Yu pondered, and the ID of 'Golden Dots and Golden Hands' replied, "I just expressed my understanding of the market conditions so that I can follow them. What will happen to the real market trend? It’s not sure, if my friend wants to operate according to my opinion, you can’t blame me if you lose money.”

After Su Yu saw that the other party was swearingly bullish on gold, he immediately began to cast aside his responsibilities.

I feel somewhat contemptuous in my heart.

Seeing this, the ID of 'Investment Like the Sea' immediately replied: "I agree with Mr. Huang's views and logic. For investing...Once you enter the market, you are naturally responsible for your own profits and losses."

While talking, he posted a screenshot of his position in the group.

I saw that in the account with a total of 13 US dollars, there are already 32 gold positions, and 25 of them are obviously newly added.

See the foreign exchange investment account with this amount of funds.

In the group of more than 800 people, many online retail investors exclaimed "big guy".

Su Yu raised his eyebrows, and had a premonition that the other party's more than 10,000 US dollars, nearly a million funds, without a stop loss, was very likely to return to zero overnight in the next sharp drop in gold.

The other party was his former client, he was thinking...

Faced with the imminent risk of huge losses, is it necessary for him to remind the other party.

After thinking about it carefully for a while, Su Yu felt that it was necessary to remind him that no matter whether the other party listened or not, at least after the gold plummeted, he would be able to form this network no matter what.

A high-quality client with tens of millions of assets, as long as he wants to take the road of private equity funds in the future, it is necessary to make friends.

Thinking about it...

Su Yu knocked on the other party's temporary chat box, revealed his identity, and expressed his opinion.

"You said that the price of gold is 1500 US dollars, so you can't hold it at all?" Boss Sun asked in surprise after reading the message sent by Su Yu.

"I can't hold it!" Su Yu replied, "The target price slogans of major international investment banks such as Goldman Sachs and Morgan are unbelievable. The global economy and the monetary policies of central banks in various countries are rapidly changing. After taking over the market, when the macro fundamentals of the market change, various hedge funds with large-scale gold long positions quickly reduce their positions, and the market simply cannot support it.”

"In my opinion, the collapse of gold is inevitable."

"But, didn't Mr. Huang say..." Boss Sun said hesitantly, "He is a well-known big V on Huihai Finance and Economics, so he shouldn't talk nonsense, right?"

I heard Boss Sun mentioning the true identity of this 'golden point golden hand'.

Only then did Su Yu recall everything about this person, and replied: "The bull market lasted for ten years in the golden age, no matter whether the market is short-term or short-term, he always sings bullish. His logic and opinions are often wrong. Such a person... the popularity is What the market makes, not what his ability makes, is simply not to be trusted."

"Okay, Boss Sun, that's all I have to say. Whether you listen or not is up to you."

After speaking, Su Yu closed the temporary conversation window.

After chatting with Su Yu, Boss Sun stared at the trend of gold. His originally determined heart suddenly became uneasy, but he did not follow Su Yu's words and immediately reduce his position, or in other words, liquidate long positions on a large scale. I opened the chat window of that 'Teacher Huang' alone, erased Su Yu's ID name, sent screenshots of Su Yu's important views to the other party, and asked the other party's opinion again.

"Boss Sun, your friend's point of view is completely wrong." 'Teacher Huang' was very angry at Su Yu's criticism of his point of view as useless, "I have been following the trend of gold for seven years. I am not sure about the short-term trend, but I have never missed the general direction of gold.”

"It is impossible for gold to end the bull market here, and it is even more impossible to tell him... continuous plunge."

After finishing speaking, 'Teacher Huang' angrily closed the chat box with Boss Sun, and by the way, posted the screenshot that Boss Sun gave him to the group, and publicly mocked: "Some people think they understand the market, In fact, it’s just a frog in the well in the market, and… it’s still the kind of frog in the well who doesn’t know itself and likes to confuse others!”

(End of this chapter)