Last week, although the gold market only had four trading days, the overall increase exceeded 2.7%, still showing a strong upward trend. Although there was a pullback on Thursday, the trend of bottoming out and rebounding clearly indicates that this pullback is only an adjustment action in the upward process, like reversing and accumulating strength, just for better rebound in the future.

Looking back at last week's market, the rapid rebound after Thursday's correction is highly iconic. This phenomenon clearly indicates that the callback belongs to a corrective action rather than a reversal. Correction will not only not change the strong operation of gold, but can also accumulate energy for subsequent upward movements. From the daily chart, a single bearish candlestick is only a correction, and the upward trend that is adjusted while walking is still steadily continuing. This trend, which is accompanied by corresponding pullbacks after each round of upward movement, has formed an extremely benign upward rhythm, effectively supporting the continuous rise of gold prices.

At present, the price has once again hit a new high, rising above 3677, and the strong market continues to perform. It is important to note that everyone must abandon the inherent thinking of "price increases will lead to price corrections" and "price corrections will lead to significant drops". You should know that correction is an important component of a strong continuation, which is fundamentally different from a turnaround - correction means that prices can still rise after falling, while a turnaround means that it is difficult to rebound after falling. After Friday's pullback, most of the space was quickly recovered, making this decline an ineffective one, and gold prices returned to a strong track.

Looking ahead to today, combined with the recent market pace, there are often opportunities for upward momentum in the morning. Although last Friday broke the usual morning cycle, the upward trend was only ahead of schedule and not the end of the upward trend. Based on this, we decisively placed multiple orders in 3349 and 3345 this morning, and have successfully grasped the upward trend.

From a macro perspective, the factors supporting the bull market in gold remain strong. The impact of tariff policies is still ongoing, and the major positive factor of the US debt crisis is expected to drive up gold prices for a long time. In addition, the increasing global economic uncertainty and rising geopolitical risks have highlighted the safe haven nature of gold, attracting a large amount of capital inflows.

For today's operation, we will continue to adhere to the strategy of retracement and long position. On the one hand, we will hold the current long positions of 3349 and 3345, and on the other hand, we will pay attention to the afternoon retracement situation, pay attention to the opportunity of 3368.3358, and consider making a second long position!

The unilateral dominant pattern has not changed, and every pullback is an excellent opportunity to get on board. Let's seize this golden bull market and seize every reversal!

Investment carries risks, and caution should be exercised when entering the market. The above suggestions are for reference only.