On the previous trading day, influenced by Powell's speech after the Federal Reserve decided to keep interest rates unchanged, gold prices rose sharply, reaching a historic high of $3057. However, after two surges in the Asian market, there was no effective increase in trading volume. Eventually, the market rose and fell back, with the European market reaching a maximum drop of $3025. After a rebound in the evening, it closed above $3044. The daily chart closed with a long bearish cross,

The Federal Reserve's policy has shifted, maintaining the 4.25% -4.50% interest rate range, acknowledging easing inflationary pressures, implying that it may cut interest rates twice this year, while raising expectations for inflation and unemployment rates, releasing signals of policy easing. The US dollar index is under pressure, and the Trump administration's trade policies have disrupted the supply chain, causing the US dollar index to fall from a high of 110 to the 103 range within the month, enhancing gold's anti inflation properties. The economic outlook is worrying, with the expected GDP growth rate in the United States dropping below 2% in 2025, weakening the resilience of the labor market, and further strengthening the safe haven allocation value of gold.

Geopolitical risk escalation. Ukraine has carried out the "largest scale" drone attack in history on a strategic Russian air base, exacerbating tensions on the Eurasian continent and increasing the demand for safe haven.

The final cross closing line of the previous trading day was consistent with our expectations, and this cross is a correction cross. We will continue to be bullish today. The daily chart follows a trend of three positive days and one correction, which means that this cross is a correction cross, a signal of a relay upward trend, rather than a turning point in the trend. Throughout the bull market of 2025, gold has maintained a spiral upward trend, adjusting as it goes, without fear of the bull market just because it rises too much and too fast.

The final cross closing line of the previous trading day was consistent with our expectations, and this cross is a correction cross. We will continue to be bullish today. The daily chart follows a trend of three positive days and one correction, which means that this cross is a correction cross, a signal of a relay upward trend, rather than a turning point in the trend. Throughout the bull market of 2025, gold has maintained a spiral upward trend, adjusting as it goes, without fear of the bull market just because it rises too much and too fast.