Gold opened low on Monday (April 14th) and fell around 3210 before stabilizing and rising. After slightly puncturing last week's high point, it was blocked in the 3245/3246 area and began to oscillate and fall. In the US session, the lowest drop was around 3193, and it rebounded to 3210 in the late session, fluctuating around 3210. The daily chart closed with a bearish candlestick with upper and lower shadows.

The White House has exempted most countries from high tariffs on electronic products, which greatly improves market risk sentiment. In international trade relations, tariff policies have always been a key factor affecting market confidence. This exemption means that the trading costs of related electronic products have decreased, weakening the safe haven demand for some gold and leading to a pullback in gold prices.

From a daily perspective, gold showed a low opening trend on Monday, then quickly rose and filled the gap. However, its upward trend was blocked at the high point and began to fluctuate downwards, eventually closing with a bearish candlestick. Based on this, today we need to focus on the resistance level near 3245 above. Before the resistance level is effectively breached, caution should be exercised in chasing long positions to avoid potential risks.

At specific points, attention should be paid to the resistance near 3226 and 3235 above. These two positions correspond to the golden ratio of 0.618 and 0.786, where yesterday's high point of 3245 fell to 3193. Pay close attention to whether the market will continue to adjust due to obstacles at this point. Below, we will first focus on the area around yesterday's low point of 3193. During yesterday's US trading session, gold experienced multiple short-term dips in this region before rebounding. Today, we can pay close attention to the support strength in this area.

The strategy given yesterday, 3236 empty, directly took over 30 profit points in one wave.

Detailed operational strategy for today!!!

Gold retracement 3185, buy long, defend 3175, target 3200-3220

Gold rebounds 3235, short selling, defending 3245. Target 3210-3180