Gold experienced a significant downward movement today, driven primarily by renewed postponement of Federal Reserve rate cut expectations, synchronized strengthening of the US Dollar Index and US Treasury yields, combined with profit-taking from long positions at higher levels, collectively pressuring gold prices lower. In the short term, gold prices have entered a consolidation and bottom-seeking phase, with $4,800 per ounce serving as key technical support. The current market has entered an oversold zone with expectations for technical correction, though rebound momentum is anticipated to be relatively limited.

Short-term strategy: Avoid blindly buying on dips from the left side; wait for market stabilization signals to be confirmed before initiating long positions with light positions;

Medium-term approach: Closely monitor policy signals released by the Federal Reserve's policy-setting meeting, using policy guidance as the core basis for trading decisions;

Long-term positioning: Pay attention to the $4,700-$4,800 support zone, adopting a gradual building approach through batch accumulation.

Short-term strategy: Consider entering long positions when gold pulls back to around $4,810 per ounce, with the first target at $4,850, further targets toward $4,900, with strict risk management stop-loss implementation. $BTC $ETH