#Ripple筹划设立10亿美元XRP资金池 Gold market suddenly shifts, and I took a contrarian short position.

That move in the early session still makes me a bit nervous when I think back. Silver plunged nearly 9 points straight within the first hour of opening, a rare magnitude. It crashed first, and then the support line for gold was also broken.

The past two weeks have shown a pattern—big moves only happen during the early session and the European/American late session, with most of the time being sideways. Most people have figured out this rhythm. But today, the abnormal movement in silver triggered red flags immediately.

In the early session, I saw a bottom support level, a standard channel pattern with a bullish setup. I could see it clearly, but I didn’t act. Why? Because "bottom fishing" is too addictive. After making a profit once, I want to do it again; after losing once, I blame the wrong level. I told myself—when the market is abnormal, better to miss the opportunity than to keep risking on continuous sell-offs.

Missing a good entry point, it becomes awkward to re-enter later. When gold rebounds to 4500 and I want to chase the bullish move, setting a stop-loss is tricky: too tight at 4500, or too loose at the previous low of 4472. That feeling of being caught between a rock and a hard place, I’m sure you’ve experienced it too.

But I noticed a detail—after a big drop, gold usually rebounds quickly and doesn’t stay at the bottom for long. What does that mean? The decline might just be a shakeout, and the bearish trend isn’t confirmed yet.

Before the European session, I planned that as long as gold could retake the trendline, I’d look for a long opportunity. But it kept resisting near the trendline—this is a signal. I placed a small short at 4415 with a stop at 4430.

And finally, it really dropped.

Now gold has broken below the recent channel’s lower boundary. Even if there are rebounds later, I remain bearish in the short term. The next key level is around 4500, not the best signal but sometimes trading requires a bit of courage. If it rebounds there and gets pressed down again, I plan to raise my stop to 4510 and keep testing how far the bears can go.

Markets are never short of volatility; what’s rare is maintaining calm and composure. Let’s encourage each other.