Core Viewpoint - The gold market is currently experiencing a tug-of-war between "policy suppression" due to the Federal Reserve's hawkish stance and "safe-haven support" from geopolitical uncertainties, particularly in the Middle East [1][2]. Group 1: Market Performance - Gold prices exhibited a bearish trend yesterday, with a drop to a low of $3362 before closing at $3368, forming a small bearish candle on the daily chart [1]. - The Federal Reserve maintained the overnight interest rate at 4.25%-4.50%, aligning with market expectations, but hawkish comments from Chairman Powell introduced new uncertainties [1]. - The geopolitical situation in the Middle East, including the confirmed evacuation of Chinese citizens from the Israel-Palestine region, has provided a solid safe-haven support for gold [1]. Group 2: Technical Analysis - Technically, gold remains within the range of the 5-day and 10-day moving averages, indicating a need for technical consolidation without significant bearish momentum [2]. - The upper resistance level is around $3480, while the lower support level is near the 10-day moving average at $3365, with a potential pullback to the 20-day moving average at $3350 [2]. - The current market dynamics suggest a focus on range-bound trading, with a strategy of "mainly range oscillation, with breakouts as a supplement" being recommended [2]. Group 3: Trading Recommendations - The suggested trading range for gold is between $3395 and $3360, with a stop loss of $8 and a take profit target of $20-30 [3].