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Gold, Morning Analysis
The gold price surged to around 5190 yesterday, followed directly by a series of large bearish candles declining, showing obvious weakness. Yesterday's price action perfectly aligned with yesterday's analysis.
Recently, the price has been suppressed by 5230, getting blocked at this resistance level each time it reaches it. At the same time, the price remains below the moving averages, and rebounds lack strength—essentially unable to recover. Continue to watch for further downside.
Short around 5137, targeting 5090.