Group 1 - The core viewpoint of the news highlights the ongoing volatility in the gold market, driven by strong economic data and inflation concerns, leading to a tug-of-war between bullish and bearish sentiments [1][2]. - On July 18, spot gold closed at $3350.05, showing narrow fluctuations, with a significant drop to $3309.82 before rebounding to $3338.86, reflecting a "V" shaped recovery [1]. - The International Monetary Fund (IMF) warned that despite improvements in trade and financial conditions, trade tensions continue to pose risks to the global economic outlook, with a potential update to growth forecasts expected [2]. Group 2 - The gold market is currently characterized by a bullish trend, with a focus on effective trading strategies within defined price ranges, particularly between $3375 and $3310 [3][4]. - The analysis indicates that the gold price may have upward potential, targeting the $3360-$3365 range, while key support levels are identified at $3330 and $3320 [4]. - Short-term trading strategies are recommended to focus on buying on dips and selling on rebounds, with specific attention to resistance and support levels [4].