#📉Analysis of short-term decline in gold price and selling pressure
💸 **Profit taking at high levels will increase selling pressure:**
Since gold prices rebounded from previous lows, it has posted significant cumulative gains. Strong profit taking near the previous high of **5222** led to short-term selling pressure, pushing the price of gold to near **5172**. At the same time, the market’s insufficient acceptance of rising gold prices and the withdrawal of short-term speculative funds have intensified selling pressure.

🌍 **Trump’s military announcement destabilizes safe-haven demand:**
Trump said military action against Iran was **coming to an end**, although he did not set a date for a ceasefire. This disrupted market sentiment, prompted some safe-haven funds to take profits, weakened support for gold’s long and short positions, and led to a short-term decline in gold prices.

💵 **Continued Fed rate hikes and uncertainty over CPI data are dampening prices:**
The Federal Reserve’s continued high interest rate policy and low market interest rate cut expectations have brought a long-term stressful environment to gold. Upcoming U.S. consumer price index data will reinforce expectations of an interest rate hike if inflation data comes in higher than expected, which will further weigh on gold prices and limit its chances of recovery.

📊 **Obvious technical downward pressure appears: **
Gold prices failed to hold the 5190 mark and fell after failing to break through. MACD is extending in a green column and KDJ is forming a death cross at high levels, indicating that prices are facing further downward pressure and a significant recovery is unlikely in the short term.

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