Group 1 - The core viewpoint is that the bullish trend for gold remains intact as long as it stays above the key area of 3360 or 3370, despite recent price adjustments [1] - The recent decline from 3438 has exceeded 160 USD, with a low of 3267 reached after Powell's speech, but it has not effectively broken below the critical support level [1] - The current market sentiment suggests that the area above 3270 is crucial for potential buying opportunities, with a focus on hourly patterns to confirm a bottom structure [1][2] Group 2 - Short-term fundamentals are currently unfavorable for gold, influenced by ADP data that significantly exceeded market expectations, benefiting the US dollar and US Treasury bonds [1] - The key mid-term support level is identified at 3270, and as long as gold remains above this level, the overall bullish outlook is maintained [2] - The intraday market structure is currently bearish, with a critical resistance level at 3333, where a short position may be considered if the market shows signs of a top [2]