[The biggest risk of gold has never been a decline, but everyone frantically chasing highs when prices are soaring]

XAU

From the year's high to now's sharp correction, gold is finally no longer rising "day by day" at a rapid pace.

[Increased holding costs] Many believe that escalating tensions in the Middle East will push gold to continue strengthening, but the reality is quite the opposite. U.S. economic data exceeding expectations, rising interest rate hike expectations, and a strengthening dollar have put enormous pressure on gold. Previously, the influx of speculative funds has also started to take profits and exit, further amplifying the decline.

[Gold's status as a long-term investment is unmatched] However, short-term declines do not mean the long-term logic has disappeared. Global central banks continue to increase their gold holdings, U.S. debt risks still exist, and gold's safe-haven properties remain unchanged.

[No bottom yet, still looking at short-term opportunities] For essential consumers, now might be more worth paying attention to than chasing highs; for investors, gold is more suitable as a long-term allocation rather than short-term speculation.

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