[Analysis: Gold Price Plunge May Be Exacerbated by 'Gamma Squeeze'] According to Jin10, institutional analysis suggests that Friday's sharp drop in gold prices may have been accelerated by the so-called 'gamma squeeze.' This situation occurs when prices move through significant option strike levels, forcing traders holding short option positions to buy more futures (or shares of gold ETFs) to balance their portfolios. Conversely, when prices fall back through these levels, they need to sell. For the SPDR Gold ETF, a large number of options with strike prices at $465 and $455 expired on Friday, while a significant concentration of positions for CME's March and April options were at $5,300, $5,200, and $5,100 strike levels.