# Outlook on Gold Going Forward

Both gold and silver have experienced a rebound, primarily due to Trump's one-month ceasefire and the support of 15 negotiation conditions.

If we set aside this sudden peace signal ( uncertain how many hours this signal will last ), this rebound can only be considered a normal bounce after deep oversold conditions and does not yet prove that the correction has ended.

It's still too early to say the precious metals market has stabilized, and given Trump's unpredictability, I remind everyone that operations in the near term must be cautious. At this stage, we haven't reached a point where it's safe to enter the market.

Starting with gold: gold has already risen to the first Fibonacci retracement level near $4,600 per ounce.

This gold rebound has already risen approximately $500 per ounce. Going forward, the market will likely spend some time consolidating and digesting this rally before attempting to break through the $4,700 level.

Whether it can push higher depends on the $4,500 level, which is a key support. If gold fails to hold this price over the next few trading days, there is a high probability it will retrace to Monday's low of $4,100 per ounce.

If it fails to hold $4,500, and Iran-US negotiations also make limited progress ( a high probability scenario ), the risk of retracing to $4,100 becomes significant.

Looking further ahead to April: as mentioned previously, gold's reasonable upside target is in the $4,650-$4,800 range.

The $4,800 level was an important price level in January-February of this year and may attract many investors to close positions and break even at this level. Additionally, short-term traders may also take profits here, so selling pressure in this range will be relatively significant. #创作者冲榜