Key Suppressive Logic for the Short SellersGold vs US DollarPEPPERSTONE:XAUUSDAvaTaylor⚠️ **Key Suppressive Logic for the Short Sellers:** 💵 **The strong US dollar and US Treasury yields exert significant downward pressure:** The US dollar index hit a near six-month high, and the 10-year US Treasury yield reached an eight-month high, drastically reducing gold's attractiveness as a non-interest-bearing asset and leading to a continuous outflow of funds. 🏦 **The Fed's hawkish stance clearly exerts medium-term downward pressure:** The prolonged high-interest-rate environment and cooling expectations for rate cuts weaken gold's medium- to long-term investment value. 📉 **Technical breakdown and release of bearish momentum:** Gold prices have broken below short-term moving averages, and a MACD death cross is imminent. Bullish confidence has been dampened, and selling pressure has intensified after any rebound. ⛔ **Dense concentration of previously trapped positions, resulting in significant selling pressure on rebounds:** The 4480-4500 range was a densely traded area yesterday, with a concentration of trapped positions. A rebound to this range is likely to trigger a concentrated sell-off.