There's a medium-term trading opportunity, depending on your preference. Gold has crashed over two days and is now near the weekly support around 4600. Consider taking a medium-term position with a stop loss at 4000 and target at 5150. Alternatively, you could set your stop loss at 3800 or use a weekly close below 4600 as your exit. It depends on your risk tolerance. The risk-to-reward ratio is roughly 1:1. The key point is that this is a weekly support level, making it a worthwhile position to trade.

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