Gold Daily | Gold Faces Bearish Outlook Amid Strong Dollar, Rising Yields, and Trade Policy Uncertainty

【Latest Gold Price and Recent Trends】

Gold prices have been under pressure, recently touching $3287 per ounce, impacted by a strong dollar and rising U.S. Treasury yields. After reaching a one-week low, the outlook remains bearish amid trade tensions.

【Technical Analysis】

Gold prices have broken below a key ascending channel established since mid-February, indicating weak technical momentum. The failure to sustain above significant moving averages suggests further declines, with potential support at around $3248 and resistance at $3320.

【Market Sentiment and Economic Background】

Investor sentiment is cautious due to U.S. trade policies and Federal Reserve signals. Recent optimism over trade deals and dovish Fed comments have shaped expectations. Upcoming U.S. CPI data is crucial; weak data may boost gold, while strong data could trigger sell-offs.

【Analyst Opinions】

Analysts highlight potential impacts from the Federal Reserve’s meeting minutes and trade tensions initiated by President Trump. If the Fed shows a more dovish stance, the dollar might weaken, supporting gold prices. The anticipation of trade deals and Fed policy changes are key influences on gold's direction.