XAUUSD:Focus on trade negotiations and CPI data

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Gold prices stabilized and rebounded after continuing last Friday's decline. Yesterday, they fell back to the 3,300 level before rising slowly to 3,338, where they encountered resistance and pulled back, in line with the technical consolidation rhythm.

Key Fundamental Events:

- China-US trade negotiations: The US has signaled a willingness to relax export restrictions, and the market is awaiting the outcome, which could impact risk sentiment.
- US May CPI data: Inflation changes will provide key guidance for the Federal Reserve's policy.

Technical Levels:

- Support: 3,295 and 3,285
- Resistance: 3,330 and 3,350

Trading Strategies:

- The current trend is weak but with limited downside space. Focus on buying on dips and avoid shorting aggressively.
- Consider staying on the sidelines today and waiting for clear negotiation results before entering positions to reduce volatility risks.
Risk Warning:
Escalating internal conflicts in the US (such as the Los Angeles riots) may intensify market volatility. Traders should adapt flexibly and avoid greedy chasing of orders.

XAUUSD
sell@3335-3330
tp:3310-3300

buy@3295-3300
tp:3320-3330

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