What are the current gold price trends?

The current gold price trends are as follows: 1. **Short-Term Trend**: Gold prices are experiencing a bearish trend in the short term, with a potential for further declines unless there is a recovery above the $3,345 resistance level. 2. **Market Sentiment**: Recent trade agreements and tariff truces between major economies have reduced demand for safe-haven assets like gold, leading to a decline in prices. 3. **Technical Analysis**: Gold is trading near critical support levels, such as the $3,310 mark, and breaking below key trendlines suggests a shift in momentum towards the downside. 4. **Currency Influence**: The US dollar's performance, influenced by expectations of higher interest rates, is impacting gold prices negatively. Overall, the current trends indicate a bearish outlook for gold in the near term, with a focus on key price levels and market sentiment as potential drivers of future price movements.