✅ Fundamental Analysis:
🔹 Political Pressure on the Federal Reserve Increases Safe-Haven Demand
President Trump made a rare visit to the Federal Reserve, pressuring it to cut interest rates. At the same time, his political allies filed a lawsuit against Fed Chair Jerome Powell, demanding a public meeting. These events have raised concerns over the Fed’s independence and the outlook for U.S. monetary policy, increasing long-term uncertainty. This serves as a medium- to long-term bullish factor for safe-haven assets like gold.
🔹 Rising Geopolitical Tensions Fuel Safe-Haven Demand
The U.S. has withdrawn from the Doha ceasefire negotiations, accusing Hamas of insincerity. Meanwhile, military tensions between Thailand and Cambodia have escalated, with cross-border clashes intensifying. Should the conflict broaden, safe-haven buying of gold could be triggered, further supporting prices.
✅ Technical Analysis:
🔸 On the daily chart, gold has closed lower for two consecutive sessions, forming a “two black crows” pattern — an indication that bearish momentum is gradually taking control and market sentiment is turning pessimistic. Although a short-term consolidation or rebound is possible, the broader trend remains bearish.
🔸 The $3340 level on the daily chart is a key support zone. It marks not only a crucial dividing line for the previous uptrend but also a critical battleground for bulls and bears. If this level holds, a technical rebound could follow; if it breaks, gold may continue its decline toward the $3310 area.
🔴 Resistance Levels: 3373-3375 / 3382-3390
🟢 Support Levels: 3340-3335 / 3330-3310
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3365-3370 area. Target: 3355-3345；If support breaks, the move may extend to 3340.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3335-3340 area. Target: 3365-3375；If resistance breaks, the move may extend to 3380.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
