August 6th Latest Gold Trend Analysis Strategy:GOLD / US DOLLARPYTH:XAUUSDGold_Entry_Point I. Gold Fundamentals Analysis Expectations of a Fed Rate Cut Strengthen: Weak US economic data (such as employment and manufacturing) has heightened market expectations of a September Fed rate cut, putting pressure on the US dollar and benefiting gold. Changes in Federal Reserve officials and policy uncertainty have exacerbated market volatility and increased demand for gold as a safe haven. Escalating Global Trade Tensions: The Trump administration's announcement of 25% tariffs on India and other countries has sparked concerns about trade friction and heightened risk aversion in the market. Geopolitical risks (US-Russia confrontation, Middle East tensions) have further supported gold. Weak US Dollar: The US dollar index's rebound has been weak. If US economic data continues to be sluggish, it could fall further, which would be bullish for gold. II. Gold Technical Analysis Short-Term Trend (Intraday): Support: 3360-3350 (critical watershed), 3345 (yesterday's low). Resistance: 3385 (yesterday's high), 3390-3400 (strong resistance zone). Technical Indicators: RSI is approaching overbought territory, so be wary of a short-term pullback. The 30-minute chart shows weakening upward momentum, suggesting a possible double top formation. Key Pattern Observations: Double Top Risk: If gold prices encounter resistance in the 3385-3390 area and fall below 3370, it could confirm a short-term top and trigger a correction. Breakout signal: If it stands firmly above 3400, it may open up upside space to 3420-3450. III. Today's Gold Trading Strategy Short-Term Trading (Buy Low and Sell High): Short Strategy: Short on rebounds to the 3395-3400 range, stop loss at 3405, target at 3360-3350. Long Strategy: Go long on pullbacks to the 3350-3360 area, stop loss at 3337, target at 3380-3390. Breakout Trading (Trend Following): If it breaks through 3400: Go long with a light position, targeting 3420-3430. If it falls below 3345: It may pull back to 3330-3300, and you can short-term sell. IV. Risk Warning Market Sentiment Changes: Trade frictions and geopolitical events could trigger significant volatility. V. Summary Short-term: Gold is expected to fluctuate upwards, but strong resistance between 3385 and 3400 is expected, so be wary of a pullback. Trading Recommendation: Wait and see during the Asian session, then trade when the market opens in Europe and the US. Maintain a strict stop-loss (≤1% position risk).