Yesterday, the gold market experienced intensifying volatility, with fierce long-short positioning battles during the session. Prices once dipped to the key support level of 4970, triggering a technical rebound. However, the rebound momentum was relatively limited. After rising to the 5050 line, it encountered strong selling pressure and retreated again, ultimately closing with a bearish candle for the day. Overall, the market displays a weak pattern of rally-and-decline. From recent price action, gold's rebound momentum continues to be insufficient, upper selling pressure gradually intensifie
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