Core Viewpoint - Gold prices experienced fluctuations due to low U.S. inflation data and trade negotiations, with current prices around $3245 per ounce, following a rebound after a significant drop [1][2]. Group 1: Gold Market Analysis - On May 13, gold prices rose by 0.46% to close at $3249.90 per ounce, supported by low inflation data and buying interest after a previous decline [1]. - The U.S. CPI for April showed a year-on-year decrease, with a month-on-month increase of 0.2%, indicating a cooling inflation environment [2]. - Analysts suggest that the long-term bullish outlook for gold remains intact despite recent fluctuations, driven by macroeconomic factors such as persistent inflation and geopolitical tensions [1][2]. Group 2: Technical Analysis - The gold price rebound appears to be stalling, with a potential "double top" pattern emerging, which could lead to a decline towards $3000 per ounce or lower [4]. - To confirm the "double top" pattern, sellers need to break below the May 1 low of $3202 per ounce, with subsequent targets at $3100 and $2950 per ounce [5]. - Conversely, if gold prices rise above $3300 per ounce, the next resistance level would be $3350, followed by $3400 or higher [5]. Group 3: Economic Indicators and Events - The financial market anticipates the Federal Reserve to resume easing policies in September, which would enhance the appeal of non-yielding assets like gold [3]. - Upcoming economic data releases and speeches from Federal Reserve officials are expected to influence market sentiment and gold prices [6].