Spot gold broke through a new all-time high today, reaching $5093. Currently, the market sentiment is bullish with FOMO. Once a sharp decline occurs, it will definitely be an epic waterfall. As the saying goes, when others are greedy, I am fearful; when others are fearful, I am greedy. Do not chase the high; consider long-term short positions.

Perhaps within these two or three days, a deep correction will begin. Yes, the timing I mentioned is after the Federal Reserve interest rate decision is announced. The current price is too high, which can easily trigger profit-taking and lead to panic selling in the market.

Before the Spring Festival, it is highly likely to return to the $4500-$4600 range for adjustment. Therefore, for long-term shorts, it is recommended to enter in batches around the $5065-$5100 zone, with a target of $4500 and a moving stop-loss of $50.