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XAU Analysis
US bond yields rise and USD strengthens, which is bearish for gold fundamentals. Long funds continue to exit, and the overall trend is bearish.
Gold price rebound faces strong resistance, with significant pressure in the 4190-4200 range. A rally is an opportunity to go short.
Short positions target 4130-4100. If the support is broken, the downtrend will continue. Strictly implement risk management and stop-loss.
It is recommended to open short positions near 4170-4200, with targets around 4100-4050-4000$BTC $XAUT #GT二季度销毁257万枚