Gold prices plummeted significantly last night, shattering many investors' long-held dreams in an instant. Just the night before, they were still expecting to reach 1500, but the market collapsed at the opening, with a shocking decline in just three hours. How do those holding positions feel right now?

What exactly is behind this wave of adjustment? After strong US data, market expectations for rate cuts have clearly shifted, and the dollar has rebounded on the back of this, causing liquidity in exchanges to tighten as well. During this sensitive end-of-year period, the force of profit-taking has been fierce, almost devoid of any human kindness.

But don’t rush to draw conclusions. Global central banks are still secretly accumulating funds, and the long-term easing tone has not reversed. It’s just that market sentiment is still in the doldrums, and bottom-fishing at this point is akin to licking blood off a knife. The 4250 level for gold must be closely watched, and silver’s volatility requires even more careful attention.

Those with heavy positions should think clearly about where to set stop-losses, and those who haven’t entered the market yet shouldn’t rush to invest heavily. 2026 is already a tumultuous year; the dream of lying back and counting money may have to come to an end. From another perspective, real opportunities often emerge during declines, but only if you survive to see that moment.

What do you think? Is the bull still here? Has the bear really run away? Share your real positions and thoughts in the comments.