Shock! The world's largest exchange "unplugs the network cable", gold goes crazy with Long Wick Candle, brokers are collectively headaching.
On November 28th, the world's top exchange, CME, experienced a massive outage, causing a complete halt of its core products including forex, gold, and US stock futures. The cause was a failure in the data center's cooling system, which directly disrupted the global financial markets!
The gold, which originally lacked liquidity due to Thanksgiving, instantly fell into a "roller coaster": plummeting from 4190 to break through 4155 with no chance of a rebound, then repeatedly bouncing between 4155-4170. Many traders watched helplessly as their profits evaporated, and the software even froze to the point of being unable to operate.
Brokers are being pushed to the brink: CMC Markets' director frankly stated that "we haven't seen this kind of situation in 20 years," and can only withdraw some contracts and temporarily switch data sources; TP ICAP traders complained it feels like "flying in the dark," especially with the end-of-month contract rollover, making it impossible for holders to close positions or switch months, leaving the market filled with "headaches!"
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Shock! The world's largest exchange "unplugs the network cable", gold goes crazy with Long Wick Candle, brokers are collectively headaching.
On November 28th, the world's top exchange, CME, experienced a massive outage, causing a complete halt of its core products including forex, gold, and US stock futures. The cause was a failure in the data center's cooling system, which directly disrupted the global financial markets!
The gold, which originally lacked liquidity due to Thanksgiving, instantly fell into a "roller coaster": plummeting from 4190 to break through 4155 with no chance of a rebound, then repeatedly bouncing between 4155-4170. Many traders watched helplessly as their profits evaporated, and the software even froze to the point of being unable to operate.
Brokers are being pushed to the brink: CMC Markets' director frankly stated that "we haven't seen this kind of situation in 20 years," and can only withdraw some contracts and temporarily switch data sources; TP ICAP traders complained it feels like "flying in the dark," especially with the end-of-month contract rollover, making it impossible for holders to close positions or switch months, leaving the market filled with "headaches!"