#Gate广场五月交易分享 Today's gold continues its upward trend

Yesterday, gold just bottomed out and rebounded, and today (May 1st) it continued to fluctuate and rise, with the international gold price reaching around $4,630. Although the increase wasn't too large, it stabilized the situation. Many people are curious, why can gold continue to rise today? Actually, there are three reasons:
First, Japan intervened in the foreign exchange market, causing the dollar to weaken. We all know that gold is priced in US dollars. When the dollar weakens, gold becomes more valuable, and naturally more people buy it;
Second, gold had fallen too sharply before, and many people felt it was at a low point, so they took the opportunity to buy the dip. Plus, the May Day holiday is traditionally a wedding season, with many people buying physical gold, which also supported the gold price;
Third, global central banks are still continuously buying gold. This is a long-term support. Even if some institutions occasionally sell a little, it won't affect the overall trend, so gold prices can gradually rebound.
However, it’s important to note that both bulls and bears are still competing, and the rebound strength is limited. It hasn't broken through key price levels, so don’t be too optimistic.
Let's focus on the market trend for the remaining days of the May Day holiday, which everyone cares about most! During the holiday, international gold mainly fluctuates within a range, with no big rise or fall. Because many institutions are on holiday, trading volume is low, and gold prices are likely to swing between $4,580 and $4,650. The support at $4,550 is quite solid and unlikely to break.
There is also pressure on the upside; due to expectations of a strong dollar and institutional reduction in holdings, it’s difficult to surge above $4,700 all at once. It’s good to keep this in mind.
Another key reminder: today’s rebound is just a correction after a significant decline, not a sign that gold will surge again. Short-term, there may still be oscillations and adjustments, but definitely not a trend reversal.
Remember, global central banks are still stockpiling gold, geopolitical tensions haven't stabilized, and the de-dollarization trend hasn't stopped. These core factors support gold’s rise, and in the long term, it will still move upward.
Finally, let’s talk about some suggestions for the May Day holiday, which is what everyone needs most!
First, don’t stare at the gold price every day; take a good rest during the holiday. Don’t get anxious over small short-term gains or losses; there’s no need.
Second, absolutely avoid blindly chasing highs. The rebound is limited now, and chasing high could trap you. Also, don’t panic-sell; if you hold gold, just hold it calmly. Short-term oscillations won’t affect the long-term trend.
Lastly, stick to a long-term allocation strategy. Don’t operate frequently; plan your holdings reasonably. After the holiday, when gold stabilizes and adjusts within the range, it will still return to an upward trend. Ordinary investors should stay calm and approach it rationally.