Gold $XAU major correction, is it an opportunity or a crisis, will you get in or get out?

Gold Rabbit January 22 Investment Gold Diary📓

Introduction👇

On January 1, Rabbit used Qi Men Dun Jia to predict gold, bought in on January 4, with a total investment of ICBC 200,000 ➕ CCB X W Gold ➕ 15 grams of ICBC physical gold.

Good morning, the lazy Rabbit is awake. It's so cold at home, my hands are freezing while typing for you.

Gold market report👇

In the past 24 hours, London gold dropped from 4887 USD/ounce to a low of 4756 USD/ounce, a correction of over 100 USD.

ICBC's paper gold also fell from 1094 RMB/gram to a low of 1064 RMB/gram in the early morning.

Last night at 11 PM, Rabbit saw gold plummeting sharply, and decided to stop watching the market and go to sleep immediately.

If gold rises, I can watch more; if gold falls, I watch less.

Gold is my long-term investment product, physical gold, I basically won’t sell.

Paper gold has at least a six-month investment cycle, so I won’t be trading it frequently.

So sleeping is the best way.

I don’t plan to sell in the short term, there's no need to watch the market and panic myself, causing unnecessary anxiety.

Rabbit's sleep quality last night was pretty good.

Everyone might think this gold correction is related to Trump’s announcement that he will not implement the Greenland tariffs on February 1.

If the correction in gold is due to something Trump said, then it’s not a real rise.

Rabbit thinks it’s just close to the 5000 USD milestone, and yesterday was too much FOMO, needing a healthy correction.

The big drop in the early morning is a very normal correction.

It lays the groundwork for further rises.

Of course, this is just Rabbit's personal opinion.

Rabbit will continue to hold, just saw Binance's selected C2C released 5000 oil, today I plan to buy 10 or 15 grams of gold.

#DYOR #XAUUSD #gold #个人观点非投资建议