According to Deep Tide TechFlow, analyst Giuseppe Dellamotta pointed out that gold may recover last week's losses within a few days, possibly due to severe fluctuations in Asian currencies. As authorities intervene in the foreign exchange market, safe-haven demand may slow down.
The Federal Reserve's FOMC decision early Thursday morning may pose risks to gold bulls. The market has aggressively bet on a dovish shift, and the Federal Reserve may release hawkish signals to correct expectations. In the medium to long term, the upward trend of gold remains unchanged, and real yields are expected to continue to decline.
Short-term risks include progress in trade frictions or a hawkish stance from the Federal Reserve, which could lead to a pullback in gold as the market re-prices.