Focus on 3870 and 3825 to determine the short-term direction

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#XAUUSD XAUUSD

The market experienced another rollercoaster ride this evening, with significant price swings that trapped both buyers and sellers, leading to losses for many. The current market is fluctuating at a high level and it is not a good time to enter the market. It is a relatively wise choice to wait and see for the time being. If gold continues to rise around 3870 in the US market and can form an M-top trend in the short term, then I will consider participating in shorting gold moderately. If gold first retreats to around 3825, the intraday starting point, we can still consider continuing to go long on gold. The US government shutdown problem has not been completely resolved, and risk aversion still lingers in the market. Short-term trading is still mainly long, supplemented by short.

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