Gold continues its strong performance today, quickly surging to around 4390 after the opening, and the rally indeed surprises many traders. There are two main factors at play:

First, risk aversion sentiment has clearly increased. Uncertainty in geopolitical situations continues to stimulate the market, with funds flowing into traditional safe-haven assets. As a preferred choice, gold naturally receives sustained buying support.

Second, macroeconomic expectations for interest rate cuts are gradually heating up. The shift in Federal Reserve policy seems to have become a market consensus, fundamentally providing upward momentum for gold prices. Whether it's safe-haven demand or the easing cycle, both currently support the rise of gold. For traders, this multi-factor environment warrants close attention to subsequent support and resistance level changes.