Zong Xiaoli: V-shaped reversal! Gold swings back and forth, can we still confidently follow?

As everyone has seen, gold can change face instantly—yesterday during the day it kept falling, each time more sharply, but by evening it suddenly reversed, turning upward and continuing to rise. On the hourly chart, a clear V-shaped pattern has formed, indicating a visible V-shaped reversal market!

Many people don’t understand this—what’s going on? How can gold change face so suddenly? During the day it was still in a downtrend, but by night it reversed and went up. What exactly is going on? How should we respond?

In fact, the main reason for gold’s volatility is that, driven by geopolitical factors, the market received cooling news during the day but warming news at night. This caused a sudden V-shaped reversal, catching everyone off guard. It’s truly frustrating—now the gold market is becoming increasingly unstable. Any slight wind can trigger intense market fluctuations. It’s really challenging!

As for the next step in gold’s trend, I believe we shouldn’t simply expect it to continue rising. We must be cautious of unexpected news that could cause another drop. If the news is unfavorable to gold, it might fall again, catching everyone off guard once more. So, don’t take it lightly. In the short term, moderate trading is okay, but don’t expect a strong upward trend. For those still holding positions, it might be wise to consider exiting when the opportunity arises. Just for your reference~

Regarding the US dollar index, I’ll summarize in one sentence: Although the dollar is under some pressure, it’s unlikely to fall sharply. Its main goal remains to strengthen, but certain factors are making it more passive and volatile. Everyone should be mentally prepared—once the dollar pulls back to a suitable level, consider low-buying opportunities…