---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38722766.md"
description: "This wave of gold's decline is really frustrating. UGL directly dropped -6.88%, confirming that going long got buried. Looking at GLL makes me want to laugh; this kind of double-leveraged short product becomes the winner at this time. Going short on the flip side is the real master, right? IAU and GLDM, these two I usually think of for long-term allocation, can't hold up either when encountering turbulence now. After losing money, I still have to pretend to be calm. Honestly, I still want to hold for the long term, but my mentality watching the market now is really shattered. Let it be, anyway, there's always the next opportunity for gold prices."
datetime: "2026-02-13T10:57:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38722766.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38722766.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38722766.md)
author: "[一杯美式](https://longbridge.com/en/profiles/7200488.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38722766.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38722766.md)


# This wave of gold's decline is really frustrating.…


### Related Stocks

- [ProShares Ultra Gold (UGL.US)](https://longbridge.com/en/quote/UGL.US.md)
- [ProShares UltraShort Gold (GLL.US)](https://longbridge.com/en/quote/GLL.US.md)