Core Viewpoint - The current gold market is experiencing a correction phase, with potential for a short-term bottom, while maintaining an overall bullish trend as long as the support level of 3201 is not breached [1][2]. Group 1: Market Analysis - The gold market has shown significant volatility this week, with sharp upward movements followed by substantial declines, indicating a struggle between bulls and bears [2]. - The price reached a high of 3435 before experiencing a pullback, with key support levels at 3305 and 3292 being tested [1][2]. - The analysis suggests that the market is in a corrective phase within a larger bullish trend, with expectations for a potential third wave of upward movement if the market closes positively [2]. Group 2: Technical Indicators - The daily chart indicates that the market is currently in a corrective phase, with the potential for a recovery as long as it remains above the 3201 support level [2]. - Short-term moving averages are showing a bullish crossover, and the price is expected to stabilize above the 5-day moving average [2]. - The hourly chart reflects a challenging trading environment, with significant price swings and the potential formation of a "head and shoulders" pattern, suggesting a need for caution before entering new positions [4]. Group 3: Other Commodities - In the silver market, the price is oscillating between resistance at 32.9 and support at 32, indicating a range-bound trading environment [5]. - The oil market is showing a bullish trend, with prices breaking through key resistance levels and confirming support at 60.4, suggesting potential for further upward movement [7].