Group 1 - The international gold price experienced a decline due to a stronger dollar, but concerns over the independence of the Federal Reserve, triggered by President Trump's threats, provided some support for gold [3] - Trump's new round of tariffs against China and a 50% tariff on India are raising economic growth concerns, which may weaken the attractiveness of the dollar and other U.S. assets, benefiting gold [3] - Technical analysis indicates that gold still has bullish potential as long as the 14-day Relative Strength Index (RSI) remains above 50, with a "golden cross" formation observed between the 21-day and 50-day moving averages [5] Group 2 - The suggested trading strategy for gold includes buying near 3376 with a stop loss at 3365 and targets at 3393 and 3400, while selling near 3401 with a stop loss at 3410 and a target at 3380 [6] - Despite a late surge in gold prices, the market remains cautious due to the potential for a bearish daily close, indicating a need for flexible trading positions [6]

Group 1: Market Reaction - Gold prices experienced a sharp drop to around 3351 before quickly rebounding above 3386, followed by a period of fluctuation, maintaining a range between 3380 and 3367 during the European session, and ultimately closing above 3393 in the US session, forming a bullish candlestick with a lower shadow [1][2]. Group 2: Fundamental Analysis - President Trump dismissed Federal Reserve Board member Cook, citing "improper conduct" in mortgage applications, which is seen as a direct challenge to the Fed's independence. Cook plans to sue, asserting that the President lacks the authority to dismiss her [2]. - Market expectations for a rate cut by the Federal Reserve in September have surged to over 87%, driven by comments from Powell regarding rising risks in the labor market, with institutions like Morgan Stanley predicting a rate cut [2]. - Economic data showed a 2.8% decline in July durable goods orders, better than the expected 4% drop, while consumer confidence fell in August, indicating a deteriorating labor market assessment. Upcoming GDP and PCE inflation reports will be critical for the Fed's September decision [2]. Group 3: Technical Analysis - Gold is currently trading within a converging triangle pattern, with a clear trend structure. The recent price action shows alternating bullish and bearish candles, indicating that the overall upward momentum remains intact [4]. - Key resistance levels for gold are identified at 3415 and 3426, while support is focused at 3323, which is the lower boundary of the triangle. The daily moving averages are in a bullish configuration, suggesting continued upward momentum [5]. - On a four-hour basis, gold's price action displayed a pattern of "bottoming out and recovering," with critical levels to watch being 3367 for support and 3409 for resistance. A break above 3409 could indicate a larger upward trend [5][6].

Group 1 - The Federal Reserve's dovish stance, as indicated by Chairman Powell, has led to increased expectations for interest rate cuts, which may support gold prices [3] - Gold prices experienced a significant rebound last Friday, currently trading around $3365 per ounce, following Powell's remarks at the Jackson Hole symposium [3] - Investors are closely monitoring upcoming high-impact economic data from the U.S. to reassess the Fed's policy outlook [3] Group 2 - Technical analysis shows that gold's Relative Strength Index (RSI) has risen above 50, and prices have broken above the 20-day and 50-day Simple Moving Averages (SMA) [5] - Despite the formation of a bullish crossover in the MACD, it is not sufficient to support further price increases, indicating that gold is currently in a wide-ranging consolidation pattern [5] - Short-term analysis suggests that gold still has upward momentum, with a recommendation for a bullish bias in trading strategies [5] Group 3 - Suggested trading strategies include short positions near $3373 with a stop loss at $3381 and a target around $3350, as well as long positions near $3350 with a stop loss at $3340 and a target around $3368 [6]

Core Viewpoint - The current gold price is experiencing a mild rebound, trading around $3337 per ounce, with technical analysis indicating potential support and resistance levels [1][3]. Technical Analysis - The 20-day simple moving average (SMA) is providing dynamic resistance at $3352 per ounce, while the longer-term moving averages maintain a bullish slope below the current price level [1]. - The 100-day moving average is acting as support at $3307.10 per ounce, indicating a potential floor for prices [1]. - Technical indicators are in a neutral zone but are trending slightly lower, suggesting that sellers are still in control of the market without an imminent expectation of a significant downturn [1]. Short-term Outlook - The 4-hour chart indicates that the gold price may retest the earlier low of $3323.60 per ounce, with bearish potential increasing [1]. - Currently, gold is trading below all its moving averages, which converge in a narrow range around $3348 per ounce [1]. - Technical indicators are developing below the midline with a neutral to bearish slope, supporting the view that lower lows may be recorded [1]. Key Support and Resistance Levels - Support levels identified are $3323.60 per ounce, $3307.10 per ounce, and $3295.80 per ounce [3]. - Resistance levels identified are $3352.00 per ounce, $3372.30 per ounce, and $3389.85 per ounce [3].

Core Viewpoint - Gold prices are stabilizing around $3288 per ounce, with expectations of potential declines following the release of the U.S. non-farm payroll report [1][2]. Group 1: Market Analysis - On Wednesday, gold prices hit a low of $3268.08 per ounce after the Federal Reserve's monetary policy announcement, marking a new low for July [1]. - The U.S. is set to release the July non-farm employment report, with expectations of 110,000 new jobs, a decrease from June's 147,000 [1][2]. - Analysts suggest that if the non-farm employment data exceeds expectations, the U.S. dollar may strengthen further, negatively impacting gold prices [2]. Group 2: Technical Outlook - The daily chart indicates that gold is near the $3290 per ounce level, with the 100-day simple moving average (SMA) losing bullish momentum and providing dynamic support around $3268.00 [3]. - The 4-hour chart suggests that gold may continue its downward trend, with a bearish 20-period SMA acting as intraday resistance [3]. - Key support levels for gold are identified at $3281.90, $3268.00, and $3246.20, while resistance levels are at $3311.15, $3328.60, and $3345.00 [5].

Group 1 - Gold prices continued to rise, opening at $3302.59 per ounce and reaching a high of $3332.09, with a current price of $3326.54, reflecting a 0.72% increase [1] - The Chicago PMI for June decreased slightly to 40.4 from 40.5 in May, indicating a contraction in economic activity for the 19th consecutive month, which is the lowest level since January [3] - The report highlighted that 70% of respondents reported price increases in June, up from 57% in May, indicating rising inflationary pressures [3] Group 2 - Technical analysis suggests that gold may face resistance below $3310.00 and could target a decline towards the range of $3285.00 to $3260.00 if it encounters resistance below $3323.00 [4] - Short-term resistance levels for gold are identified at $3322.00 to $3323.00, with significant resistance at $3347.00 to $3348.00, while support levels are at $3285.00 to $3286.00 and important support at $3260.00 to $3261.00 [4]

Group 1 - The core viewpoint indicates a significant drop in spot gold prices, currently around $3288.70 per ounce, with a decline of over $38 in a single day [1] - The U.S. Bureau of Economic Analysis is set to release the Personal Consumption Expenditures (PCE) price index for May, with expectations of a year-on-year increase to 2.3% from April's 2.1% [1] - The U.S. Commerce Department reported a contraction in the first quarter GDP to an annualized rate of -0.5%, with consumer spending growing at the slowest pace since 2020 [2] Group 2 - Despite a decrease in initial jobless claims, the number of continuing claims has reached a nearly four-year high, indicating insufficient recovery in the job market [2] - The upcoming May core PCE price index is expected to show a month-on-month increase of 0.1% and a year-on-year increase of 2.6%, which could influence the Federal Reserve's decision on interest rates [2] - Federal Reserve Chairman Jerome Powell's comments on assessing tariff impacts before deciding on rate cuts have drawn criticism from President Trump, raising concerns about the Fed's independence [2] Group 3 - Technical analysis suggests that gold prices have fallen below the 200-period simple moving average, which may signal a new trigger point for bearish sentiment [3] - Analysts predict that gold prices could accelerate downwards towards the $3245 per ounce region, with potential support levels at $3210-$3200 and $3175 per ounce [3] - Resistance levels for gold are identified at $3324-$3325 per ounce, with further resistance at approximately $3368-$3370 per ounce, which could limit any upward movement [3]

Group 1 - Spot gold prices rose slightly, reaching a high of $3377.50 per ounce, currently trading at $3371.19, with an increase of 0.48% [1] - The upcoming focus includes U.S. initial jobless claims for the week ending June 7, and the May PPI year-on-year and month-on-month data [1] Group 2 - Iran and the U.S. are set to hold indirect negotiations regarding the Iran nuclear deal on June 15 in Muscat, Oman [2] - Iranian Defense Minister stated that if negotiations fail, Iran would target U.S. military bases in the region, emphasizing that all U.S. bases within range would be attacked [2] - The U.S. is evacuating non-essential personnel from the Baghdad embassy and military family members from several bases in the Gulf due to escalating security concerns [2] Group 3 - Technical analysis indicates that spot gold is expected to test resistance at $3391 per ounce, with a potential rise to $3413 if this level is breached [3] - The current upward movement is seen as a continuation of a previous upward trend that started from $3245, with support at $3353 [3] - If the price breaks below $3353, it could fall to the range of $3316 to $3331 [3] Group 4 - Following a breakthrough, prices could potentially rise to a range of $3434 to $3502 [4]

Group 1: Fundamental Analysis - Geopolitical tensions and economic uncertainties are driving demand for gold as a safe-haven asset, particularly due to the escalating Russia-Ukraine conflict and warnings from the World Bank about potential global trade stagnation [2]. - The progress of US-China trade negotiations is influencing gold price corrections, as market expectations of a potential agreement could ease trade tensions and reduce demand for safe-haven assets [3]. - Key economic indicators to watch include the US CPI data, with expectations of a rise in core CPI to 2.9% year-on-year, which could impact Federal Reserve interest rate decisions and subsequently affect gold prices [4]. Group 2: Technical Analysis - On the daily chart, gold showed a doji candlestick pattern, indicating a struggle between bulls and bears around current price levels, with significant support at 3293 and resistance at 3349 [5]. - The four-hour chart indicates that gold has completed a three-wave structure in its recent price movements, with critical levels at 3293 for support and 3349 for resistance, suggesting potential for further downward movement if these levels are breached [7].

Core Viewpoint - The recent easing of US-China trade tensions has led to a significant drop in gold prices, with the market sentiment shifting away from safe-haven assets like gold [1][2]. Group 1: Market Reaction - Gold prices fell nearly 3% on Monday, closing at $3234.95 per ounce, marking a drop of $90.49 [1]. - The price of gold reached a record high of $3500.05 per ounce last month before the recent decline [2]. - The US and China have agreed to reduce tariffs, with the US cutting tariffs on Chinese goods from 145% to 30%, and China reducing tariffs on US goods from 125% to 10% for a period of 90 days [2]. Group 2: Economic Indicators - The focus is now on the upcoming US Consumer Price Index (CPI) data, which is expected to show a year-on-year increase of 2.4% and a month-on-month rise of 0.3% for April [2][3]. - A stronger-than-expected CPI could lead to a further strengthening of the US dollar, potentially triggering another round of gold sell-offs [3]. Group 3: Technical Analysis - The technical outlook for gold remains bearish as long as optimistic sentiment prevails, with gold prices having recently broken below the flat 20-day simple moving average (SMA) [4]. - Key support levels for gold are identified at $3202.00, $3187.20, and $3176.45 per ounce, while resistance levels are at $3234.40, $3248.50, and $3263.85 per ounce [6][7]. - The momentum indicators are showing a downward trend, and if gold prices fall below the Monday low, they may target the May low of $3202.03 per ounce [4].