Group 1 - The core viewpoint of the news is the recent trade agreement between the US and UK, which has led to increased risk sentiment and a decline in bullish sentiment for spot gold [1] - Trump has encouraged buying stocks, resulting in a bullish trend for US stock indices, raising questions about future market sentiment [1] Group 2 - The Hang Seng Index shows a bullish sentiment of 73% compared to 27% bearish [3] - The S&P 500 Index has a bullish sentiment of 69% against 31% bearish [3] - The Nasdaq Index indicates a strong bearish sentiment at 84% compared to 16% bullish [3] - The Dow Jones Index has a bullish sentiment of 42% against 58% bearish [3] - The Nikkei 225 Index shows a bullish sentiment of 70% compared to 30% bearish [3] - The German DAX 40 Index has a significant bearish sentiment at 83% against 17% bullish [3] Group 3 - The Euro/USD pair shows a slight bullish sentiment of 52% against 48% bearish [3] - The Euro/GBP pair has a strong bearish sentiment at 73% compared to 27% bullish [3] - The Euro/JPY pair indicates a bearish sentiment of 82% against 18% bullish [3] - The Euro/AUD pair shows a bearish sentiment of 67% compared to 33% bullish [3] - The GBP/USD pair has a bullish sentiment of 70% against 30% bearish [3] - The GBP/JPY pair indicates a bearish sentiment of 69% compared to 31% bullish [3] - The USD/JPY pair shows a bearish sentiment of 69% against 31% bullish [3] - The USD/CAD pair has a bullish sentiment of 60% compared to 40% bearish [3] - The USD/CHF pair indicates a strong bearish sentiment at 88% against 12% bullish [3] Group 4 - The AUD/USD pair shows a strong bullish sentiment of 76% against 24% bearish [4] - The AUD/JPY pair has a bullish sentiment of 59% compared to 41% bearish [4] - The CAD/JPY pair indicates a bearish sentiment of 57% against 43% bullish [4] - The NZD/USD pair shows a bullish sentiment of 63% against 37% bearish [4] - The NZD/JPY pair has a strong bearish sentiment at 64% compared to 36% bullish [4] - The USD/CNH pair shows a strong bullish sentiment of 75% against 25% bearish [4]

Core Viewpoint - The gold market is experiencing a period of consolidation, influenced by multiple factors, as it awaits key data for direction [1] Group 1: Fundamental Analysis - The Federal Reserve's interest rate cut expectations are dominating market sentiment, with a potential reduction of 50 basis points in 2025, which weakens the dollar and supports gold [3][4] - Recent risk events have dampened safe-haven demand for gold, as market sentiment improves due to reduced concerns over tariffs and signs of easing tensions in the Russia-Ukraine situation [4] - Macroeconomic data, such as the rise in the US March Composite PMI from 51.6 to 53.5, has caused temporary fluctuations in the dollar, but overall economic concerns remain, with upcoming consumer confidence and new home sales data being crucial for gold's outlook [5] Group 2: Technical Analysis - The psychological level of $3000 serves as a battleground for bulls and bears, with potential support at $2982-$2978 if this level is breached [7] - Bollinger Bands indicate a narrowing volatility, suggesting a period of consolidation, while long-term moving averages confirm an upward trend [8] - Momentum indicators like MACD show signs of weakening bullish momentum, with a potential for technical selling if certain thresholds are crossed [9] Group 3: Future Trend Outlook - The medium to long-term upward trend for gold remains intact, but short-term adjustments are expected, particularly if the PCE data reinforces rate cut expectations [11] - A breakthrough above $3058 could lead to a move towards the $3100 level, contingent on confirming bullish signals from technical indicators [11] - Conversely, stronger-than-expected US economic data could diminish the urgency for rate cuts, potentially leading to a deeper correction in gold prices [12]