Core Viewpoint - International gold prices experienced a decline, currently trading at $3295.76 per ounce, reflecting a drop of 0.67% from the opening price of $3319.06 per ounce [2] Group 1: Market Performance - On Thursday, gold prices rebounded after hitting a low of $3245.88 per ounce, reaching a peak of $3330.92 before closing at $3317.59 per ounce, supported by weak U.S. labor market data and market reactions to a court ruling against President Trump's tariff measures [3] - The gold market showed support above $3245.00 and faced resistance below $3331.00, indicating a potential for upward movement after recent declines [4] Group 2: Technical Analysis - If gold stabilizes above $3299.00 today, the upward target could range between $3353.00 and $3385.00, with short-term resistance identified at $3352.00 to $3353.00 and significant support at $3299.00 to $3300.00 [4] - The trading strategy suggests that despite recent highs, gold may face challenges in maintaining upward momentum, with a higher probability of a bearish weekly close unless it holds above $3360 [5]

Core Viewpoint - The international gold market is experiencing a downward trend, with prices fluctuating around $3,334.09 per ounce, reflecting a slight decline of 0.25% from the previous day [2]. Group 1: Market Performance - On May 26, international gold closed at $3,342.57 per ounce, down by $14.43 or 0.43%, with a daily high of $3,356.32 and a low of $3,323.59 [3]. - The gold market opened lower on May 27 at $3,343.63 per ounce, reaching a high of $3,349.78 and a low of $3,331.41 [2]. Group 2: Technical Analysis - The gold market showed a strong rebound after hitting a low of $3,323.59, closing at $3,342.57 with a long lower shadow indicating potential support [4]. - The weekly chart indicates that gold prices have regained strength, moving above the 5-week moving average, suggesting bullish momentum with potential targets of $3,400 and $3,500 [5]. - Daily indicators show a slowdown in bullish momentum, but the price remains above the midline and short-term moving averages, indicating a possibility for further upward movement near the 5-day moving average [5].