Core Viewpoint - The recent fluctuations in gold prices are influenced by the easing of US-China trade tensions and ongoing concerns regarding the US government shutdown, leading to a mixed outlook for gold as it stabilizes after a short-term decline [1][2][4] Group 1: Market Dynamics - Gold prices experienced a significant drop but found support due to fears of a prolonged US government shutdown, leading to a stabilization in the market [1] - The market's optimism regarding US-China trade negotiations has reduced the safe-haven demand for gold, while the Federal Reserve's hawkish stance has further pressured gold prices [2][4] - The gold price fluctuated around key levels, with support at $3960 and $3980, and resistance at $4050 and $4030 [1][4] Group 2: Technical Analysis - The daily chart indicates that gold has rebounded from recent lows, alleviating some downward pressure, but remains in a range-bound adjustment phase [4] - Key technical indicators show mixed signals, with the MACD showing a slight slowdown in downward momentum, while the KDJ indicator is forming a bullish crossover [4] - The overall technical outlook suggests that while the bearish sentiment prevails, there is a demand for a rebound, indicating potential for future price adjustments [4]