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Group 1 - The gold market experienced significant volatility this week, with prices ultimately closing lower after failing to stabilize above $3,400 per ounce following a bullish breakout. This reflects recent hesitation among gold bulls [1] - In the first two trading days of the week, spot gold prices surged by 2.4%, but the subsequent three days saw a cumulative decline of nearly 3%. This decline was primarily driven by positive developments in Trump’s trade negotiations, which boosted market risk appetite and diminished gold's safe-haven demand [1] Group 2 - Looking ahead to next week, the Federal Reserve is set to announce its monetary policy decision after the July 29-30 meeting. The market perceives a negligible chance of a rate cut in July, with a 40% likelihood of maintaining rates in September, an increase from about 10% a month ago [3] - If Powell opens the door for a September rate cut citing reduced uncertainty from recent trade agreements, U.S. Treasury yields may drop, potentially allowing gold prices to rise. Conversely, if he avoids committing to a rate cut due to rising inflation data, gold prices may decline [3] Group 3 - The outlook for gold next week appears bearish, with prices unexpectedly continuing to decline on Friday, touching the previously mentioned 4-hour trend line at $3,335 before weakening further. The current trend is viewed as bearish without any signs of rebound [5] - The hourly chart shows a clear rotation between bullish and bearish trends, with the first three days exhibiting an upward trend channel, followed by a direct retraction that established a new downward channel. The $3,350 level is identified as a key point for continued bearish sentiment next week [6] Group 4 - A trading strategy suggests shorting near $3,350, with a stop-loss at $3,360 and a target of $3,325, with further downside potential to $3,310 if the price breaks below these levels [8]