First of all, the short position ratio (margin ratio) = net value/margin is generally less than 70%. Net worth is the remaining funds in your account except margin plus profit and loss. You have $5,000 in your account, which is not called margin. This is your total capital, and the leverage is 1 1,000 times. If you buy one hand, you need a deposit of 1 0,000, and your remaining funds are still $4,000. To explode, the net value = 1, 000 * 70% = $700. So if the loss you want exceeds 4000-700=3300 dollars, you will explode. That is 330 points.

Gold investment is risky, so you must set a stop loss. Entry point is the key to profit.