Still too early to pick up the falling knife. The drop is just the beginning, we will continue to see the swings in prices. Some small recovery will happen as traders need to earn. Quick swing trades will cause the gold price fluctuate.
I will continue to wait for another low before buy in some.
Gold Slides: At Key $4,000 Level, Time to Buy the Dip?
Gold futures touched an intraday low of approximately $4,047, edging closer to the psychologically and technically critical $4,000. Notably, amid escalating U.S.-Iran tensions in the Strait of Hormuz and broad market risk-off, gold failed to play its traditional safe-haven role . The $4,000 round number is a key battleground: holding it could support a recovery, while a break lower may open fresh downside. With gold approaching $4,000, will you scale in gradually or wait for a confirmed breakdown first?
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