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3.12 Midday Gold Market Analysis: Yesterday, gold prices reached a high of 5238, then moved in a single-sided downward trend, falling back to around 5125. Affected by CPI data, gold prices came under pressure and weakened, with a clear short-term bearish trend.
Trading strategy: Sell on rebounds. It is recommended to enter short positions in batches within the 5175-5195 range, with a stop at 5205. The targets below are sequentially 5100, 5050, and 5000. Take profits in batches.