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5.4 Wenjie Gold Midday Review
Today at midday, gold prices remained under pressure at high levels, fluctuating and pulling back, with overall bullish momentum weak, and the range-bound movement slightly bearish.
Key levels:
Support 4580-4600, resistance 4635-4650.
Market logic:
The US dollar and US bonds continue to strengthen, risk aversion sentiment diminishes, and gold price rebounds are limited, with a short-term sideways downward trend.
Operations:
Short at 4628-4633 on rebound, stop loss at 4650, target 4600-4560#现货黄金