Market Overview - Gold prices experienced a rebound after hitting a low of $3320, supported by buying interest despite a decline in safe-haven demand due to a trade agreement between the US and Europe [1] - The price of gold closed at $3336.49, marking a nearly 1% drop over the previous week, which was the third consecutive week of decline [1] - The market is anticipating significant events this week, including international trade developments, central bank interest rate decisions, and key economic data such as the US PCE [1] Technical Analysis - Weekly analysis indicates that gold peaked at $3438.9 before retreating to around $3325, forming a long upper shadow on the candlestick chart, with bearish indicators such as TRIX and MACD suggesting a downward trend [3] - Daily analysis shows gold trading below the mid-band, with KDJ indicators indicating a bearish crossover and MACD lines near the zero axis, reinforcing a bearish outlook [3] - Hourly charts reveal a downward opening of the Bollinger Bands, with KDJ indicators showing a potential short-term bullish crossover, suggesting a slight upward movement may occur, with resistance at $3345 [3] Trading Recommendations - For conservative traders, a sell position is recommended around $3355-$3358 with a stop loss at $3363 and a target profit of $3330-$3325 [5] - For aggressive traders, a buy position is suggested in the range of $3328-$3331 with a stop loss at $3323 and a target profit of $3345-$3350 [5]

Group 1 - The latest Shanghai gold futures closing price is 772.28 yuan per gram, with a daily decline of 2.01% and a trading volume of 608,130 contracts [1] - The Shanghai gold spot price is quoted at 780.1 yuan per gram, indicating a premium of 7.82 yuan per gram over the futures price [1] - Upcoming economic data releases in the U.S. include April CPI, PPI, retail sales, and other key indicators, which will influence Federal Reserve interest rate expectations [1] Group 2 - The UK will release various monthly economic data, including GDP, industrial production, and trade figures, starting with employment data on Tuesday [2] - The Bank of England's Governor Andrew Bailey is scheduled to give a speech in Amsterdam, with 12 speaking events planned for the week [2] Group 3 - Guotai Junan Futures reports that precious metals are experiencing limited fluctuations, with a focus on upcoming U.S. economic data [3] - The recent geopolitical developments, including trade agreements and ceasefires, are expected to influence precious metal prices, maintaining a cautious outlook for short-term trends [3]