In the early trading session, gold experienced a weak rebound after a decline, with four-hour low-level oscillation correction, originally expecting a low-range long position. The market trend is relatively weak, and the price is unable to break through the key resistance at 4775, breaking below the intraday support platform, forming a bearish structure with high and low points moving downward simultaneously, indicating a complete reversal of the short-term trend.

Currently, gold prices have fallen from the high of 4891, with a low of 4657.82, and bearish momentum is sufficient. Coupled with the strengthening of the US dollar and US Treasury yields, and the cooling of rate cut expectations, gold is under significant pressure.
At midday, consider shorting within the 4680-4710 range, targeting 4660-4640.