Gold continues to rise and touches around 4401; the hourly close is around 4400. For the planned trade, go short from 4397, then close. After that, wait for the high at 4420 and then continue taking shorts. For now, it’s best to stay on the sidelines; aggressive traders may take a small position to watch for a pullback. If it reaches 4360–55, then consider going long again. Set defense at 4345, and keep the target at 4630.

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