Gold experienced a sharp decline yesterday, with basically all financial products falling. Gold, silver, and oil declined in sync, causing market panic. After the third northern expedition, long positions are beginning to show results.
In this situation, a rebound after a sharp decline is inevitable. Currently, the 4500 support level below the gold price has held firm. With prices stabilizing at this support, the northern expedition wave continues to target 4900.
Gold, continuing to watch 4700
Gold experienced a sharp decline yesterday, with basically all financial products falling. Gold, silver, and oil declined in sync, causing market panic. After the third northern expedition, long positions are beginning to show results.
In this situation, a rebound after a sharp decline is inevitable. Currently, the 4500 support level below the gold price has held firm. With prices stabilizing at this support, the northern expedition wave continues to target 4900.
Long position around 4653, targeting 4750.