Gold prices were affected by two words from Trump during the early trading session, causing a waterfall decline. From the high point, the drop has exceeded $100.

Currently, market sentiment is relatively weak. The remaining Asian session is likely to see continued weak oscillation or further downside exploration, with a low probability of a direct V-shaped reversal.

Long positions should wait until the price stabilizes above 4660/4670 before considering, and it is not advisable to bottom fish during sharp declines. Wait for the trend to stabilize before acting. On the short side, focus on the 4710/4720 area. Currently, shorting is trend-following, but if the market rebounds and stabilizes, the downside space may be limited. The middle zone is recommended to observe; look for opportunities to follow the trend and short once the market weakens again. $XAUT $BTC $ETH #以太坊基金会质押4620万美元ETH #美共和党提出美国挖矿法案 #国际油价走高