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Gold hasn't bottomed out yet
In the early trading session, gold prices plunged directly. Short positions were taken on Friday, and again at 2 a.m. today. This rhythm feels very comfortable.
5200 is not a coincidence; it’s a clear resistance. Currently, the four-hour large bearish candle has directly broken through last week’s consolidation zone. This is a super oversold market; expect rebounds to be shorting opportunities.
Short positions between 5107 and 5117, with a break below the 5000 level.