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The US dollar and US Treasury bonds strengthen, gold weakens at high levels, accurately predicting a pullback from the highs!
US April CPI exceeded expectations, the probability of rate cuts significantly decreased, and rate hike expectations increased.
The dollar and US bonds strengthen, high interest rates suppress gold, bearish for gold prices.
Gold peaked at 4760, forming a double top, MACD shows a death cross at high levels, moving averages turn downward, the market remains weak.
All yesterday's predictions came true, high-level short positions gained precise profits.
Trading strategy: rebound to 4700-4720 short, target 4650, 4630, mainly follow the trend for high short positions. #黄金 #Gate广场五月交易分享