Group 1: Fundamental Analysis of Spot Gold - The Federal Reserve maintained interest rates, with differing opinions on potential rate cuts within the year, which could enhance gold's value preservation demand [2] - Strong U.S. employment data may raise inflation concerns, supporting gold prices; however, March core PCE data showed a slowdown in inflation, leading to a more cautious monetary policy from the Fed [2] - Economic data from major economies like China will also impact physical demand for gold and global capital flows [2] Group 2: Geopolitical and Market Sentiment - Escalation of the Russia-Ukraine conflict and tensions in the Middle East have heightened market risk aversion, driving funds into gold and supporting its price [3] - Fluctuations in global financial markets and unpredictable trade policies have led investors to seek refuge in gold, pushing prices higher [3] - The interplay of Fed monetary policy, economic data, geopolitical tensions, and market sentiment collectively influences gold prices, with a potential short-term target of $3,500 per ounce if dovish Fed statements and worsening geopolitical situations persist [3] Group 3: Technical Analysis of Spot Gold - The spot gold market initially broke through the key resistance level of $3,399, reaching an intraday peak of $3,414.79, but subsequently reversed direction [4] - After a brief consolidation, gold prices fell to the target level of $3,322, achieving a notable profit margin of $42 [4] - Current technical indicators suggest a dominant bearish trend, with short-term moving averages suppressing long-term averages, indicating a high likelihood of continued downward movement [4] Group 4: Technical Analysis of Spot Silver - The spot silver market showed expected behavior, rebounding to $33.750 before retreating to a low of $32.295, where signs of stabilization emerged [6] - The short-term chart indicates a prevailing bearish trend, with short-term moving averages consistently crossing below long-term averages [6] - Suggested trading strategy includes waiting for silver prices to rebound to the resistance level of $32.660 for a short position, with a stop-loss set at $32.960 and a profit target at $32.240 [6]

Group 1 - Silver prices are currently trading below $33.10, with a recent opening at $33.56 per ounce and a current price of $33.08, reflecting a decline of 1.46% [1] - The highest price reached was $33.67, while the lowest was $32.76, indicating a bearish short-term trend for silver [1] - Despite the recent drop, the outlook for silver remains bullish as it holds above the 20-day exponential moving average (EMA) around $32.60 [3] Group 2 - The 14-day Relative Strength Index (RSI) is struggling to break above 60.00, which, if surpassed, could signal new bullish momentum [4] - The key resistance level for silver is identified at $34.60, the high from March 28, while the critical support area is at $30.90, the low from April 11 [4]