How to deal with the sharp fluctuations in gold prices?GOLD / US DOLLARPYTH:XAUUSDJulesWoodThe gold market is experiencing frequent fluctuations, with extremely extreme movements. The market is experiencing drastic market shakeouts, resulting in significant losses for many investors. So, what should one do with gold? Yesterday, spot gold prices fluctuated between $4,001 and $4,030. During the US trading session, spot gold briefly reached a high of $4,057 before plummeting, falling below the $4,000 mark and hitting a low of $3,945. Some analysts say that it's difficult for gold prices to find real support below $3,850. This situation doesn't surprise me. I've consistently argued that this sharp rise above 4,000 points was primarily driven by news, suggesting a strong bubble and the inevitability of a sharp correction. Therefore, our short positions purchased yesterday at $4,045 and $4,029.2 have already yielded substantial profits. I anticipate further corrections. The main reasons for this sharp drop in gold prices are: 1. The easing of geopolitical tensions has led to a recovery in market risk appetite. 2. The continued rise of the US dollar index to a two-month high has made gold more expensive for overseas buyers, putting pressure on the metal. 3. Gold prices were severely overbought after breaking through $4,000, leading investors to profit-take at high levels, exacerbating the decline in gold prices. Short-term trading strategy: Buy gold on a pullback to 3980-3970, or short it in the 3995-4010 range. For investors currently holding short positions or unsure how to trade, please like and follow my channel. I will provide exclusive trading services for members.