Core Viewpoint - Gold prices are facing resistance around 4090, which is likely a significant technical resistance level, potentially marking the start of a previous decline or a key psychological barrier [1] Group 1: Price Levels and Trading Strategy - The price level of 4090 is identified as a strong resistance point where selling pressure is expected to increase significantly [1] - A trading strategy of "selling high and buying low" is recommended, with short positions near the upper boundary (4090) and long positions near the lower boundary (4030) of the defined trading range [2] - The support level at 4030 is considered strong, likely attracting buyers and leading to potential price rebounds [1][2] Group 2: Technical Indicators and Signals - If the price reaches 4030, the Relative Strength Index (RSI) may enter the oversold territory, indicating a potential rebound [1] - Specific trading targets are set, with short positions aimed at 4050 and long positions targeting 4070, both with a stop loss of 10 points [4]

Group 1 - The core viewpoint is that the recent dovish trade signals from the Trump administration are reshaping the dollar pricing logic, leading to a decline in the dollar index and a shift in risk asset preferences [1][3] - The dollar index has dropped to 99.65, down 0.25% from the opening price of 99.90, indicating a dual battle of "policy expectation reversal" and "technical resistance" [1] - The Trump administration's shift in attitude towards the Federal Reserve, moving from criticism to a more cooperative stance, is seen as reducing systemic risks related to political interference in monetary policy [3] Group 2 - Analysts note that the relationship between the White House and the Federal Reserve is improving, which is strengthening the Fed's policy independence and raising market expectations for maintaining high interest rates for a longer period [3] - CME interest rate futures indicate that traders have reduced their bets on the number of rate cuts by the Fed this year from 2 times to 1.5 times, suggesting a revaluation of the dollar's interest rate advantage [3] - The dollar index is at a critical juncture; if it can break through the 100.00 level and stabilize above the downward trend line, it could open an upward channel towards the 101.50-102.00 range [3]