No matter if the sky falls tomorrow, I'll buy gold spot first. The position at 4300 is too tempting, and gold has already retraced by 24% at this position. Besides the weekly chart, the one-hour, four-hour, and daily RSI levels are all oversold, which is rare. The last crash wasn't this severe, so it's likely to create a golden pit. I couldn't resist and bought 10,000 U to get on board. For the next position at 4000, I plan to buy a bit more, after all, it has dropped 30% at this position.

$XAU

XAUUSDT

Perp

4,544.65

+1.04%

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