黄金时间·每日论金：金价冲高遇阻，暂重回调整格局

Core Viewpoint - International spot gold prices experienced a decline, closing down $44.50, or 1.30%, indicating a failed attempt to challenge the previous high of $3,450, leading to a short-term adjustment phase for gold prices [1] Group 1: Market Sentiment and Influences - The announcement of a trade agreement between the U.S. and Japan has eased market risk sentiment, causing gold prices to face resistance below the mid-June high [1] - The upcoming deadline of August 1 for the U.S. "reciprocal tariffs" suspension and the Federal Reserve's interest rate meeting contribute to significant market uncertainty [1] - Expectations of two interest rate cuts by the Federal Reserve this year may provide potential support for the gold market [1] Group 2: Technical Analysis - Gold prices have lost the critical $3,400 level, facing resistance near the previous high of $3,450, indicating a potential for further correction [1] - The important support level for gold is at the Bollinger Band's middle track around $3,340, which is crucial for maintaining the medium-term upward trend [2] - Current trading is expected to fluctuate within the range of $3,365 to $3,410, with the price near the 5-day moving average [2]