Gold, Continue Looking at 4700
Gold experienced a sharp drop yesterday, with basically all financial products declining. Gold, silver, and oil fell in sync, causing market panic. After the third Northern Expedition, long positions showed initial results.
In this situation, a rebound after a sharp drop is inevitable. Currently, the 4500 support level below the gold price has held firm. With the price stabilizing at this support, the Northern Expedition wave continues to target 4900.
Longs around 4653, targeting 4750.
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