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Gold, Evening Analysis
Gold prices have been fluctuating between sideways movement and declines today. The 5090 target mentioned in this morning's strategy has been confirmed. Gold prices have also validated the logic of this downtrend.
Gold is making new lows, and there will be more lows coming. After today's decline, prices will not return to 5130. Therefore, during the US session, pay attention to the area around 5120. Enter short positions at this level to capitalize on the downside move, targeting 5030 below.
Short near 5117, target 5030