Core Insights - The article emphasizes the hidden risks in the spot gold market, comparing it to navigating through treacherous waters filled with reefs, where traders can face significant financial losses and account freezes [1] - It highlights the importance of building a protective network to guard against malicious trading practices and account freezes [1] Market Dynamics - Certain platforms may intentionally widen spreads before the release of non-farm payroll data to entice investors into frequent trading during volatile price movements [1] - Traders are advised to remain vigilant and verify market conditions through multiple data sources to confirm the authenticity of market trends [1] Trading Strategies - Successful trading requires a dual verification approach, combining technical analysis with fundamental factors [1] - When gold prices break through key resistance levels, it is crucial to monitor the movements of the US dollar index, US Treasury yields, and geopolitical developments [1] - Misjudgments can occur if traders overlook the impact of Federal Reserve interest rate expectations on gold prices, which can be more dangerous than technical errors [1] Risk Management - Maintaining a sense of caution in a tempting market is more important than pursuing quick profits [1] - Experienced traders are advised to reduce their positions during abnormal market fluctuations, similar to how skilled climbers avoid risky climbs in severe weather [1] - In cases of unusual account activity or withdrawal delays, traders should activate emergency protocols and verify account status through official channels [1] - The article concludes that safeguarding capital is always more valuable than short-term gains [1]