Gold has crashed! It plummeted from 5600 to 4200! Is now a good time to buy the dip? I'm thinking of trying a small position. Currently, gold's support is around 4100-4200, roughly around 4120. You could consider buying some spot gold within this support range. This might be a temporary bottom, and there should be a significant rebound, possibly even reaching 4500+. As long as the 4000 support level holds, there's a good chance of a rebound. Gold is listed on major exchanges as XAU, XAUT, and PAXG. For contracts, it's called XAU/USDT or XAUT/USDT. The one with a price around 4000 is gold. If you're holding spot gold around 4100-4200 and are currently holding at a loss, you can hold it. Getting out of the loss shouldn't be a problem. For contracts, you should cut your losses if it slightly falls below 4000. I'm allocating about 10% of my capital to this; my main positions are in crypto and US stocks, so I don't need to trade gold.