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7.1 Gold Midday Briefing
Gold opened higher in early trading at 4013, rose to 4018, then faced resistance and fell, hitting a low of 3963, currently at 3970. Bears dominate across all timeframes, with weak rebounds; bottom-fishing requires caution.
The evening ADP employment data is key. Higher U.S. stock prices weaken safe-haven buying, putting clear pressure on gold.
Gold: Short between 3990-4110, targets 3950, 3940, break below look for 3920. $BTC $GT