Market Analysis: As the Asian session opens today, spot gold continues its downward trend. After the dollar strengthened, gold investors are taking profits. According to the CME, the margin requirements for gold and silver have been increased. Additionally, the Russia-Ukraine war and tensions in the Middle East have eased, reducing geopolitical tensions. Therefore, gold has been declining for the past three days. Moving forward, attention should still be paid to the US dollar trend and related geopolitical news. Gold prices still face downside risks. Short-term traders should be cautious. From a long-term perspective, central banks around the world continue to hold gold and de-dollarization, along with inflation and other economic issues, suggest that gold still has significant upside potential. Currently, the recent decline in gold prices provides better opportunities for traders to position themselves.

Today’s Market Analysis: Did anyone catch the opportunity I mentioned yesterday when the POC was broken and I suggested trading nearby? Yesterday’s US session formed a D pattern, so we need to focus on the two protruding edges of the D pattern as our trading points. Specifically, the areas around 4895-4900 and 4765-4770. The bottom area has been tested twice; the first time it was suppressed, then it retraced, and finally broke through to support. This reduces the reliability of this bottom level, so today we should focus more on the upper level.

Regarding gold futures and secondary data, the bottom area is a short position trap zone corresponding to the spot price around 4675. This level is also worth monitoring. Whether to enter a position depends on your indicator signals or strategy. The above is just personal opinion and for reference only. Trading should be cautious; please adjust flexibly based on real-time market conditions and implement proper risk management. Thank you for watching. If you like it, please follow. Updates will be posted daily #当前行情抄底还是观望？