Core Viewpoint - International gold prices have shown a rebound after hitting a low, indicating that bearish pressure is being consumed, and the market is expected to continue its upward trend [1][4][8]. Price Movement - On April 28, gold opened at $3324.92 per ounce, reached a high of $3352.81, and closed at $3343.98, marking a daily increase of $19.06 or 0.57% [1]. - Compared to the previous Friday's closing price of $3314.08, gold rose by $29.9, reflecting a 0.9% increase [2]. Market Influences - The decline of the US dollar index below the 99 mark and the drop in the 10-year US Treasury yield have provided support for gold prices [4]. - Ongoing trade concerns due to Trump's statements on tariffs and rising geopolitical risks have further propelled gold prices upward [4][8]. Technical Analysis - Monthly charts indicate that gold prices have experienced significant volatility but remain above a key upward trend line, suggesting potential for further gains [10]. - Weekly charts show a long upper shadow indicating potential for a pullback, but the overall trend remains bullish as long as prices stay above the 5-week moving average [11]. - Daily charts confirm that gold has rebounded from recent lows, with support levels strengthening, indicating a favorable outlook for future price increases [13]. Future Outlook - The market anticipates continued bullish momentum for gold, with expectations of testing the $3500 mark again [8][10]. - Upcoming economic data releases, including the FHFA house price index and consumer confidence index, may influence market sentiment and gold prices [6].