Core Viewpoint - The international gold price is currently experiencing a short-term oscillation, trading at $3,290 per ounce, with a slight decline of 0.35% from the previous day, indicating a complex interplay between policy and risk factors affecting the market [1][3]. Market Analysis - The gold market is under pressure due to the Federal Reserve's stance on maintaining high interest rates, coupled with strong employment data and high inflation expectations, which are contributing to downward pressure on gold prices [3]. - Conversely, escalating trade conflicts and uncertainties in the global economic outlook are providing a support base for gold as a safe-haven asset [3]. - The focus is on whether the support level at $3,250 will hold, while closely monitoring the Federal Reserve officials' statements and CPI data for potential directional breakthroughs [3]. Technical Analysis - The current market structure indicates that gold is undergoing its third pullback from the historical high of $3,500, with critical levels to watch being the resistance at $3,365 and support at $3,248 [4]. - A breakdown below the green line segment at $3,248 could lead to further declines towards $3,167, while the rebound strength at this level will be crucial for determining future trends [4]. - The short-term trading strategy suggests entering short positions around $3,300, with a protective stop at $3,315 and a target of $3,276, with further downside potential if the support at $3,247 is breached [6].