The recent performance of the gold market is worth paying attention to. The recent rally is mainly driven by two forces—first, the increasing expectation that the Federal Reserve may start cutting interest rates in March, which directly lowers the opportunity cost of holding gold; second, the ongoing safe-haven demand due to geopolitical tensions, coupled with central banks around the world continuously buying gold, providing strong support for gold prices.

From a technical perspective, the 4450 level mentioned yesterday is a good point for a pullback and absorption. If the price can stabilize above 4500, it opens up room for upward movement, with the first target at 4520, and then facing resistance at 4550. Conversely, if the price falls below 4370, it’s a warning that the trend may reverse, and it might be time to take a break and wait for clearer signals before acting.

The operational suggestion is as follows: accumulate in batches around 4450, with medium-term targets aligned with the 4500 to 4600 range. Of course, during the holding process, don’t close your eyes—keep a close eye on macro policy developments and market sentiment changes, and adjust flexibly as needed.