Core Viewpoint - The current behavior in the gold market suggests improving demand and the potential completion of a short-term pullback, indicating a bullish trend may be developing [1][5]. Group 1: Market Behavior - Today's market shows signs of a bullish hammer candlestick pattern, which, while not definitive, adds to the bullish evidence for gold [2]. - A breakout above the recent high of $3,377 would confirm a multi-week bullish breakout, positioning gold towards the upper line of the pennant pattern [4]. Group 2: Price Movements - Gold recently triggered an upside breakout from a 16-day price range, reaching a new high of $3,377 before experiencing a drop to a six-day low of $3,310 [3]. - The establishment of a higher weekly high and a higher low indicates improving demand, with a significant signal expected above the lower swing high at $3,451 [5]. Group 3: Future Projections - An initial upside target for gold is set at $3,578, as indicated by a rising ABCD pattern, suggesting potential for further price increases [5].

Group 1: Gold (XAU/USD) - The overall trend for gold showed a rise followed by a pullback, with a daily range of approximately 591 points and a closing bearish candle with upper and lower shadows [1] - Federal Reserve officials emphasized a cautious policy stance, coupled with uncertainties surrounding Trump's trade policies, leading to increased volatility in gold prices [1] - The current strategy suggests a focus on buying on dips, with a bullish outlook continuing as the price broke through the consolidation range [1] Group 2: Euro/USD (EUR/USD) - The euro was impacted by lower-than-expected CPI in the Eurozone and rising expectations for a Federal Reserve rate cut, resulting in a daily range of about 90 points and a bearish closing [7] - The European Central Bank's rate cut expectations have increased, while strong U.S. job vacancy data has put pressure on the euro [7] - The current price is consolidating around 1.1364, with future movements dependent on policy developments [7] Group 3: GBP/USD - The British pound experienced fluctuations influenced by the Bank of England Governor's remarks and U.S. data, with a daily range of approximately 110 points and a bullish closing [12] - The current price is around 1.356, and attention is required on UK government policies and Federal Reserve officials' statements [12] - The strategy suggests holding long positions around 1.350, with a target profit of 30-50 points [12] Group 4: GBP/JPY - The GBP/JPY pair saw a decline during the Asian session followed by a rebound in the U.S. session, with a daily range of about 206 points and a strong bullish closing [17] - The strategy focuses on buying on dips, particularly near Fibonacci support levels [17] - The current recommendation is to buy in batches at 194.1 and 193.8, with a total profit target of 40-60 points [19]

Group 1: Gold Market Analysis - The gold market experienced a pullback near the 61.8% Fibonacci retracement level, leading to a decline but remained above the support level of 3284, resulting in a trading range of approximately 486 points with a long upper shadow on the daily candle [1] - The market sentiment improved due to the U.S. Federal Court ruling on Trump's tariffs, reducing concerns over international trade, which in turn diminished the safe-haven demand for gold as the dollar rebounded [1] - Today's opening saw gold prices drop over $30, reaching a low of approximately 3245, with a technical outlook indicating a primary focus on short positions following a break below the head and shoulders neckline [1] Group 2: Key Levels and Trading Recommendations - Key resistance levels are identified at 3325 and 3285, while support levels are at 3245 and 3200 [3] - The strategy suggests shorting near 3285 with a profit target of 70-100 points and a stop-loss around 3295 [3] Group 3: Euro/USD Market Insights - Eurozone economic data showed weakness, with France's Q1 GDP confirming a slight growth of 0.1% and consumer confidence in April falling below expectations, while Germany saw an unexpected increase in unemployment [6] - European Central Bank officials hinted at potential further rate cuts after the June monetary policy meeting, reinforcing expectations for monetary easing [6] - The EUR/USD pair fluctuated down to around 1.128, with a daily range of approximately 61 points and a candle showing small upper and lower shadows [6] Group 4: Key Levels and Trading Recommendations for Euro/USD - Support levels are at 1.113 and 1.118, while resistance levels are at 1.131 and 1.136 [8] - The recommendation is to enter short positions around 1.126 or 1.125 with a profit target of 30-50 points and a stop-loss at approximately 1.130 [8] Group 5: GBP/USD Market Overview - Reports indicate that long-term UK government bond yields may slightly decline in the coming months due to market expectations that the Bank of England will halt active quantitative tightening from October [11] - The GBP/USD pair traded down to around 1.345, with a daily range of approximately 71 points and a candle showing small upper and lower shadows [11] Group 6: Key Levels and Trading Recommendations for GBP/USD - Key support levels are at 1.332 and 1.336, while resistance levels are at 1.350 and 1.355 [13] - The strategy suggests shorting near 1.346 or 1.345 with a profit target of 30-50 points and a stop-loss around 1.352 [13] Group 7: GBP/JPY Market Dynamics - The GBP/JPY market showed a corrective trend with a slight increase during the U.S. session, reaching resistance at approximately 196.3, before retreating to the 38.2% Fibonacci retracement level [16] - The market remains in a bullish pattern despite the recent pullback [16] Group 8: Key Levels and Trading Recommendations for GBP/JPY - Resistance levels are at 197 and 196.4, while support levels are at 195 and 194.4 [18] - The recommendation is to buy on dips around 195.7 and 195.4 with a profit target of 40-60 points and a stop-loss near 195 [18]