Chao Tide TechFlow News - On March 24, BIT (formerly Matrixport) released a daily chart stating: "Gold is experiencing its first significant pullback in recent years, with prices retreating to around 4,400 dollars. This range may gradually attract buying support, while stronger support zones could potentially be located near 3,500 dollars. In the short term, rising real interest rates typically exert pressure on gold prices, but this effect is more cyclical in nature and insufficient to alter the medium-term fundamentals.

From a medium to long-term perspective, continued sovereign debt expansion remains an important structural factor supporting gold demand. Given current geopolitical tensions and rising defense spending across nations, government borrowing is expected to expand further, and this trend is likely to continue. Against this backdrop, the zone below 4,400 dollars may gradually attract more attention from long-term allocation capital."