On Monday (July 14), the Asian market rose strongly, reaching a high of $3,373, a new high since June 23. This wave of gains stems from the heavy news announced by Trump over the weekend: a 30% tariff will be imposed on EU goods from August 1, exacerbating market concerns about international trade. It rose 1% last Friday, closing at $3,357, and investors have turned to safe-haven assets.

This week, the global financial market will usher in the most interesting "super data week" in 2025. From Washington to Beijing, from the Federal Reserve to the G20, multiple risk events are intensively intertwined. Under the shadow of the US tariff policy, China's second quarter economic data is about to be released, and global investors are waiting for this "serial bombing" of economic data. It is particularly worth noting that the "East-West Showdown" between the US CPI and China's GDP on Wednesday may become a key turning point in asset allocation in the second half of the year.

From the weekly level of spot gold, although the price of gold fell sharply at the beginning of the week, the risk aversion sentiment re-heated up, which helped gold return to above the 3300 mark again. At present, it has the opportunity to stand firm on the support of the short-term moving average group, but it is still necessary to beware of the dead cross signal of the MACD indicator below, which may limit the rebound space in the future. It is not ruled out that it will maintain a fluctuating upward rhythm before the CPI index is released this week.

From the daily level of spot gold, since the overall trend in the near future is actually not large, it is mainly hovering around the 3300-3330 range, so this has led to the short-term moving average group being basically glued together, which means that the competition between the long and short directions is still fierce. In addition, the MACD indicator is also near the 0 axis at this stage. Therefore, it is temporarily recommended to keep selling high and buying low as the main operation, and wait for the interval to break before following the trend. Pressure: 3362-3370-3380 Support: 3348-3340-3330.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.