Gold is experiencing a volatile downward trend. On the 4-hour chart, prices are currently under pressure at $3,765. The short-term rebound has completed its technical pattern repair, suggesting further downward movement. The 1-hour chart shows prices trading near short-term support, while the short-term moving average has flattened downward, indicating weakening short-term momentum. Focus on the resistance area around 3,750-3,755 in the short term, while support remains around 3,715.
Gold is currently experiencing small fluctuations. Quaid recommends maintaining trading within the 3,755-3,715 range pending the release of the PCE data.
New analysis and trading strategies will be provided after the data is released.
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