Enze: The situation remains high risk with expectations of rate cuts. Gold's medium-term outlook remains unchanged.

The US-Iran situation continues to be high risk, geopolitical uncertainties persist, combined with ongoing global central bank gold purchases and the Federal Reserve's unchanged rate cut expectations. The long-term upward logic for gold remains solid.

From a technical perspective, after a rapid decline, gold prices stabilized, which is a normal correction in a bull market and not a trend reversal. Today, do not chase the bottom; instead, buy in stages around the 5100-5120 area with strict risk control. Short-term volatility remains consistent with medium-term expectations; sharp declines are adjustments, and after recovery, upward movement is still possible.

On the 4-hour chart, watch for support at 5100-5110, with strong support at 5030; resistance is at 5230. Focus on buying on dips, with real-time strategy adjustments.

Gold trading ideas:
Buy on dips around 5100-5120, with a stop loss below 5090, targeting 5200-5230. If broken, continue to hold.

Note:
The above analysis is Enze's personal view. Markets change rapidly, so everything is based on Enze's real-time judgment!