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A single long upper shadow in gold surged to around 4652 then quickly plunged, currently back to around 4612 for consolidation. Although short-term bullish sentiment has been ignited, the overall upward momentum has already significantly weakened, and the selling pressure in the 4640-4660 range has not been fully digested. The risk of chasing longs is very high. For the day, mainly focus on shorting the rebound high, and only do ultra-short light positions at low levels to test the market.
Trading suggestions:
Short in the rebound range of 4625-4650, first target 4600, if broken continue downward to 4595→4570$XAUT