The recent performance of the gold market has been very impressive, with prices soaring and currently approaching the integer level of $2800. In the past few trading days, the price of gold has fallen under pressure at $2785, but we always believe that this is only a temporary adjustment, and the adjustment is to accumulate strength and prepare for the subsequent rise. The fact proves that our judgment is completely correct. The historical high of $2790 was finally successfully broken through, and the current price is only 0.5 dollars away from $2800. It can be said that our previous predictions about the trend of gold are gradually becoming a reality. Looking ahead, the upward trend of gold is still strong, and its price is expected to continue to rise, creating new brilliance.

From a macro policy perspective, the support role of global monetary policy on gold prices cannot be ignored. Although the Federal Reserve ended its three consecutive rate cuts since September last year in the previous trading day, with a brief pause in interest rate cuts, this does not mean the end of the rate cut cycle, but rather a buffer for subsequent rate cuts. There is a high probability that the Federal Reserve will continue to push for interest rate cuts in the future to stimulate economic development. On the European Central Bank's side, the situation is even more apparent, with the fourth consecutive interest rate cut, which is also the fifth interest rate cut in this major cycle, and there is still a possibility of further interest rate cuts in the future. Major central banks around the world have adopted quantitative easing monetary policies in response to the current economic downturn. In such a context, the actual value of currency is impacted, and gold, as a traditional safe haven and preservation asset, has become increasingly prominent in terms of investment value. A continuous influx of funds into the gold market provides strong impetus for the rise of gold prices.

The instability of the geopolitical situation also provides strong support for the rise of gold prices. The Russia-Ukraine conflict is still in a state of stalemate. The conflict between the two sides continues, and the war is raging every day. Recently, France announced that it would allow Ukraine to use its long-range guided missiles to attack the Russian mainland, following similar actions taken by the United States and the United Kingdom. This series of events has undoubtedly intensified the tension in the region, and the market's risk aversion has significantly increased. In this situation, investors have chosen gold as a safe haven for their funds, further driving up the price of gold.

From a technical perspective, the pressure on gold prices at $2785 is actually a normal response to the historical high of $2790. The suppressive effect of historical highs is usually not easily broken through, and it is normal for the market to experience a decline and pressure after reaching this critical position. But this pressure is only short-term, and after a brief rebound and energy storage, the price of gold will inevitably break through this suppression level. The previous price retraced to $2733 before bottoming out and rebounding, as well as the bottoming out and rebounding at $2744 yesterday, fully prove the strong bottom support of gold prices, the correction and adjustment have been completed, and the upward trend can continue. Yesterday, the gold price successfully broke through the historical high of $2790, once again verifying our previous judgment.

Looking ahead to today's gold trend, as the price returns to a bullish upward trend, continuing to be bullish is an inevitable choice. At present, the strong upward trend of gold prices has just begun, and there will not be a significant correction in the short term. The low point of $2790 in the morning session became a key support point for the day. Yesterday, gold closed at a high level with almost no obvious rebound, and showed a high-level sideways trend in the morning, further consolidating the support position of $2790. Therefore, there is no need to wait for a significant pullback in today's operations, and we can rely on the key support point of $2790 to directly rise, and the gold price is expected to continue to expand upward.

In summary, whether from the perspective of macro policies, geopolitics, or technology, gold has sufficient upward momentum. In the future market, the price of gold is expected to continue to rise, with no peak, only higher. Investors can closely monitor market trends and seize investment opportunities in gold.