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Midday Gold Brief
The early rally faced resistance and pulled back, with the market consolidating within a small range during the day. The market's center of gravity is slowly shifting downward, indicating a short-term bearish trend.
The US dollar continues to strengthen, and the overall fundamentals are bearish for gold prices, limiting the rebound potential.
Operation: Short around 4470, target 4440
Warm reminder: Be sure to set stop-losses for short-term trading; analysis is for reference only.