From a fundamental perspective, the current price performance of gold is driven by many factors. Secondly, geopolitical risks remain a long-term support factor for gold prices. Although Trump postponed tariff measures against the European Union, his tariff remarks still brought uncertainty to the market, and some investors chose to hold gold to hedge potential risks.
From a technical perspective, the short-term decline in gold prices has not changed its overall bullish pattern. It shows that the bullish momentum is still strong. Retreating to the 3325 support, this area is not only a dynamic support for recent prices, but also coincides with the 200-period simple moving average (SMA) on the 4-hour chart, forming a key technical support level. If it falls below the 3324 trend line support, it may further test the 3300 integer mark, or even step back to the 200-period SMA near 3283. The latter is regarded as a key trend watershed, and a break below it may trigger technical selling and increase short-term downward pressure. If gold prices can hold the current support and resume their upward trend, the recent high of 3366 will become the first resistance level. After breaking through this level, gold prices may re-challenge the resistance level of $3372-3387, and further resistance is in the 3410-3430 area. Overall, the bullish trend of gold has not changed, and a short-term correction may provide an opportunity for the market to re-position. Investors need to pay close attention to this week's macro data and geopolitical dynamics to grasp the potential fluctuation direction of gold prices.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD
From a technical perspective, the short-term decline in gold prices has not changed its overall bullish pattern. It shows that the bullish momentum is still strong. Retreating to the 3325 support, this area is not only a dynamic support for recent prices, but also coincides with the 200-period simple moving average (SMA) on the 4-hour chart, forming a key technical support level. If it falls below the 3324 trend line support, it may further test the 3300 integer mark, or even step back to the 200-period SMA near 3283. The latter is regarded as a key trend watershed, and a break below it may trigger technical selling and increase short-term downward pressure. If gold prices can hold the current support and resume their upward trend, the recent high of 3366 will become the first resistance level. After breaking through this level, gold prices may re-challenge the resistance level of $3372-3387, and further resistance is in the 3410-3430 area. Overall, the bullish trend of gold has not changed, and a short-term correction may provide an opportunity for the market to re-position. Investors need to pay close attention to this week's macro data and geopolitical dynamics to grasp the potential fluctuation direction of gold prices.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD 
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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👍Market exclusive signal: t.me/Henryffjyfylffc108
Disclaimer
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