Recently, the gold market has experienced a new round of volatility, with the overall trend repeatedly pulling back, making it particularly frustrating. After the non-farm payroll data was released, market sentiment fluctuated instantly, with gold prices surging then falling back. After failing to reach a high, prices quickly retreated, and the battle between bulls and bears has become increasingly intense.

Geopolitical tensions have eased somewhat, coupled with the continued strength of the US dollar, which directly limits the upward space for gold. The market has been oscillating back and forth, with no clear directional trend, and the range of fluctuations has been continuously widening.

Market sentiment is gradually turning cautious, as everyone is waiting quietly for the next Federal Reserve policy guidance. Currently, there are too many uncertainties in the market, the rhythm is chaotic, blindly following the trend is the easiest way to get caught, and remaining patient and observing the situation is the best approach at this moment.