Good afternoon everyone! Gold remains within the 5180-5225 range, with 5200 as the key level for bulls and bears. There is heavy selling pressure near 5220, while support is seen around 5180-5190. Before the US CPI data release tonight, the market is cautious, and volatility may increase.

Long strategy: If the price pulls back to 5175-5195 and stabilizes, consider going long with a stop loss below 5170. Targets are 5220, 5250, and 5280. If the price drops sharply to 5145-5165 and stabilizes, go long with a stop loss below 5140, with the same targets. A strong move directly around 5200 can also be followed with a long position, with a stop loss below 5195.

Be cautious when shorting: If the rebound encounters resistance at 5220-5223, take a small short position with a stop loss above 5228, targeting 5200 and 5180. Keep position sizes tight before the data release and strictly adhere to stop-loss rules. #伊朗在霍尔木兹海峡布设水雷 #原油价格回落