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Gold Morning Brief:
Gold prices opened higher and continued to rise today, reaching a high of around 4400. This round of rally is mainly driven by geopolitical tensions, and whether it can sustain its strength remains to be seen.
Currently, it is not recommended to continue chasing long positions. Those who have already been squeezed out of previous long positions are advised to exit promptly to lock in profits.
Intraday trading should focus on shorting at high levels, and look for opportunities to go long after observing the pullback strength.
Strategy reference:
Try short positions around 4396-4405, with targets towards 4350 and around 4330.