Has gold bottomed out on July 30?GOLD / US DOLLARPYTH:XAUUSDGold_Entry_Point Key Influencing Factors Negative Factors: A stronger US dollar: A rebound in the US dollar index is suppressing gold prices. Recovering risk appetite: Market demand for safe-haven assets is weakening. Rising real interest rates: Expectations of Fed policy are impacting the cost of holding gold. US-EU trade agreement: Easing geopolitical tensions will weaken gold's safe-haven appeal. Potentially bullish variables: Federal Reserve policy signals: A dovish statement on Wednesday could boost gold prices. Geopolitical risks: Uncertainties such as the Sino-US trade negotiations and the situation in the Middle East remain. Technical Analysis Trend Analysis: Short-term weakness (four consecutive negative daily candlestick patterns), but the broader bullish trend remains. Key support level: 3300-3285 (falling below or falling to 3250); resistance level: 3330-3345 (breaking through may end the pullback). Key Levels: Downward Support: 3310-3300 (short-term), 3285 (strong support). Upper resistance: 3335-3345 (trend reversal expected after a breakout). Trading Strategy Short-term Trading: Long positions primarily at low levels: Try a light buy position in the 3300-3310 area, with a stop-loss below 3285 and a target of 3330-3345. Short selling at high levels is auxiliary: If it rebounds to 3335-3345 and is under pressure, you can short sell with a stop loss above 3350 and a target of 3310-3300. Follow up on the breakout: If it breaks through 3345 strongly, you can chase long positions; if it falls below 3285, be wary of a rebound after a false break. Medium- to Long-term Strategy: Watch for potential bottoming opportunities near 3285. If it stabilizes, place long positions in batches, betting on dovish signals from the Federal Reserve or escalating geopolitical risks. Risk Warning: Data-sensitive period: This week's Federal Reserve decision and economic data may trigger significant volatility, so position management is crucial. US Dollar Trends: The US dollar and gold prices show a significant negative correlation, so the US Dollar Index should be monitored closely. Risk of false break: There may be a trap below 3300, which needs to be confirmed in combination with the K-line pattern. Summary: Gold is under short-term pressure, but the medium- to long-term bullish outlook remains unchanged. Focus on the effectiveness of support in the 3300-3285 area and the direction of the Federal Reserve's policy. We recommend a flexible approach, using key breakthroughs as a guide for directional analysis, and cautiously holding positions before data releases.