Many traders are stuck in long positions. This drop is due to easing U.S.-Iran tensions and cooling safe-haven demand, putting gold under pressure and causing it to pull back.

Stay calm, and don’t blindly add to your positions!
If you’re only slightly underwater, wait for a rebound to reduce your position;
if you’re deeply underwater, focus on tonight’s CPI to see whether things can recover.

News can change quickly, so don’t stubbornly hold on.
If you’re not sure what to do with your position, you can reach out to me for some ideas.

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