Gold is expected to open tomorrow with low-level oscillation and attempted recovery tomorrow morning, but the rebound strength is anticipated to be limited.

Gold markets suffered a sharp decline last week, recording the largest single-week drop in nearly 40 years, with prices breaking below the $4,500 round number. From a macroeconomic perspective, the market's core focus has shifted to interest rate pricing. As expectations for Fed rate cuts continue to weaken, real interest rates remain elevated, significantly increasing the opportunity cost of holding gold and triggering concentrated liquidation of previously crowded long positions.

From a technical perspective, gold prices have broken through multiple key support levels, with daily charts showing a breakdown pattern. However, after consecutive sharp declines, the RSI indicator has entered severely oversold territory, which typically triggers short-term technical bounces or short covering. Therefore, there may be a brief spike higher after tomorrow's opening to test overhead resistance.

From a liquidity and sentiment perspective, however, institutional capital outflows have not yet reversed, and market sentiment recovery requires time. The $4,600 level above has transformed from previous support to strong resistance. Without significant positive catalysts, bounces will struggle to overcome it. If the rebound weakens, vigilance is warranted for renewed selling pressure, testing support at the $4,400 round number.

Overall, tomorrow is likely a respite window following sharp declines. Operationally, it's advisable to remain cautious and wait for further confirmation of price stabilization signals. #创作者冲榜