The current international gold market is at a critical stage featuring unchanged long-term bullish fundamentals and intensified short-term volatility. Restrained by delayed Federal Reserve interest rate cut expectations, easing geopolitical risks and profit-taking selling pressure in the short term, gold is moving within a wide fluctuating range.
I. Analysis of Core Influencing Factors
Bullish Supporting Logic
Sustained gold buying spree by global central banks has firmly underpinned the price bottom.
The widening supply-demand deficit continues to bolster long-term upward momentum.
Normalized global risks keep gold’s safe-haven value prominent.
Short-Term Bearish Pressures
Hawkish remarks from the Federal Reserve have pushed back interest rate cut expectations.
Periodic cooling of geopolitical risk sentiment triggers outflows of safe-haven capital.
Institutional investors hold substantial accumulated profits from earlier rallies and tend to close profitable positions on minor market fluctuations.
II. Trading Strategy
Entry: Go long at 4740–4760
Stop Loss: 4730
Take Profit: 4780–4800
III. Personal Viewpoint
Investors shall strictly control short-term trading risks, adopt a fast-in and fast-out trading style, and avoid excessive position holding. Strict position management is essential to achieve steady returns in the gold market.