The rise and fall of gold is not based on technical aspects, but more on fundamentals and big data, as well as the impact of tariffs. Without these influences, we are bearish this week. If the decline of the big C wave continues, the target will be 3230. 3165 is the Fibonacci 61.8 position of the callback and also the previous high point, which is easy to form a rebound. Gold focuses on two major suppressions, one is the hourly suppression around 3300, and the other is 3315 and 3328, both of which are opportunities for air forces. In terms of the short-term operation of gold, it is recommended to short on rebounds and long on callbacks. The short-term focus on the upper side is 3298-3300 resistance, and the short-term focus on the lower side is 3265-3260 support.
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