🌟🌟🌟The historic flash crash on January 30 26 saw Gold falling by 12% and Silver plummeting by 35%. However both Gold and Silver have now entered a rebound phase as of February 4 26.
Spot Gold has recovered by 6% while Silver has bounced by 8 to 10% from its lows.
It is tempting to FOMO into the rebound because you may have missed the bottom but the smartest move right now is neutral to bullish positioning.
Use the diagonal call spread to stay in the game with limited risk. It is your stay in the market insurance policy. It allows you to maintain bullish exposure while hedging against the gut wrenching volatility often seen in $SPDR Gold ETF(GLD)$ and $iShares Silver Trust(SLV)$
Gold & Silver are striking back but they are doing so in a market that is still jittery.
In the words of a seasoned trader "In a volatile market, the person who keeps their capital is the person who eventually wins the war."
@Tiger_comments @TigerStars @TigerClub @Tiger_SG @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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