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