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The situation between the US and Iran suddenly becomes tense, with both sides refusing to back down, and risk aversion sentiment skyrocketing!
Before the opening, all positive news had already been priced in, and many long traders took profits and ran. The main force then aggressively sold off, causing gold to plunge directly to 4672.
Geopolitical risks have not been resolved yet, but it is too risky to chase longs at high levels now. Today, the main strategy is to rebound and short.
In terms of operations:
Short on rebounds to the 4725-4755 range, first watch 4685, if broken, then look at 4670-4640.