The previous tweet mentioned that around 4650 is a good resistance level for a downward move, seeing 4400-4450, then entering some paper gold spot at 4550, but gold only dropped to around 4500 and didn't go lower. I personally didn't take profit either, and now it's back to my cost price, which is quite frustrating. But luckily, our spot holdings are profitable. If the market consolidates at lower levels in the next few days, the probability of a breakout upward is very high. If it stabilizes above 4550, you can close short positions. The spot at 4550 could then reach 4800. Still, if it drops further, the paper gold will be fully bought. Currently, there are no good opportunities in contracts. There is a major non-farm payroll report this Friday, which will cause higher volatility. I suggest that if you don't understand, don't bother; hold onto your spot holdings and steadily profit.

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