Holding Gold Short from 4362: Eyeing a 100-Pip Crash to 4260!

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Holding Gold Short from 4362: Eyeing a 100-Pip Crash to 4260!GOLD (US$/OZ)TVC:GOLDMr-DaplGold, as previously analyzed, has seen its price decline this year from its historical high of 5596, with the first round of selling pushing it down to 4402 and the second to 4100. Subsequently, influenced by the US-Iran tensions, it has continued its slow decline and is currently in an upward cycle after bottoming out at 4023, having reached the initial target of 4300. A brief pullback is expected before further upward movement continues, with a target of 4500. After consolidation on Tuesday, gold prices fell back from 4349 in the Asian session today, and then rose to 4364 in the US session before falling back as well, maintaining an overall consolidation pattern. Today, the Fed will announce its interest rate decision, maintaining a bearish outlook. Short-term resistance is at 4355, with strong resistance at 4364-4369. Short-term support is at 4330, with strong support at 4315-4305; a break below this level could lead to 4280-4260. For trading, we recommend holding our short position at 4262 from the US session overnight. Any changes will be provided during the trading session. Strategy: Sell around 4350, with a stop loss at 4375 and a target of 4260;