Group 1 - The core viewpoint indicates that after breaking below $3,400, spot gold extended its decline to around $3,375, with a slight recovery in the long-short order ratio, although short positions still dominate at 51.15% [1] - The market sentiment remains bearish, as the majority of orders are still positioned for a decline, indicating prevailing short-term pressure [1] - The potential trading range for the day is identified between $3,344.29 and $3,412.97, suggesting a period of consolidation within this interval [1]