Core Viewpoint - Gold prices have significantly declined, dropping over 4% this week, marking the worst weekly performance since November 2024, primarily due to a stronger dollar and a temporary trade agreement between China and the U.S. that reduced demand for safe-haven assets [1][4]. Market Analysis - The easing of trade tensions has diminished gold's safe-haven appeal, while recent data releases and the Federal Reserve's comments on not rushing to cut interest rates have also pressured gold prices [4]. - Geopolitical discussions are ongoing, indicating a willingness to resolve issues despite existing differences, which may influence market sentiment towards gold [4]. - The weekly chart shows a bearish trend, with a long lower shadow indicating potential further declines after a series of negative signals [6][7]. Price Trends - The ABC wave downtrend from the peak of 3500 is evident, with the C wave confirmed after breaking below 3200 this week [6]. - A rebound occurred after hitting 3120, but it did not surpass earlier highs, suggesting a corrective move rather than a reversal [7]. - The four-hour chart indicates a continued bearish outlook, with key support levels at 3120 and 3054, while resistance is noted at 3255 [9][10]. Trading Strategy - The recommended strategy for the upcoming week is to maintain a bearish stance, focusing on short positions around the 3255 resistance level, with targets set at 3120 and 3054 [10].