International spot gold has rebounded well, but a cautious and optimistic attitude should be maintained, as a short-term reversal only takes one piece of news...

On Tuesday, driven by a slight decline in U.S. bond yields, international spot gold continued its recent rally, providing some comfort to gold traders. If we continue to see U.S. bond yields decline, gold bulls may once again set their sights on the $5,000 level. Good news such as a de-escalation of the Iran-U.S. conflict will continue to push interest rates lower, and it seems we are at least beginning to see signs of good news emerging in the Middle East. Of course, this will ease some market tensions. The market not only fluctuates with the latest changes in risk appetite but also reacts to the trend in the bond market.
My bullish outlook on international spot gold remains unchanged, though the upward movement will experience more turbulence. A level around $4,600 below may serve as a key support level for long positions to "buy on dips." However, I remain cautious about position sizes because frankly, as long as there is a comment or some random action in the Middle East, everything could heat up again.
In summary, I currently hold a cautiously optimistic view on the future trend of international spot gold. From a long-term perspective, gold remains a bullish trading instrument. I have no interest in shorting this market and believe that once geopolitical tensions slightly ease, gold should perform quite well.
#加密市场回升