Extreme pessimism often incubates extreme opportunities.

Currently, the fog of geopolitics and the stubbornness of inflation—these underlying logics for gold pricing—seem to have all failed. Gold prices are falling rather than rising, and market sentiment has hit rock bottom. Many people are beginning to waver and doubt. But believe this: when all bearish factors are repeatedly digested, when "decline" becomes a habit, the true value zone emerges quietly.

Looking at the technical landscape, $4,400 in 2026 is a lifeline that bulls must defend, and more importantly, the starting point of a new trend. The current volatility is merely a normal correction in the bull market process.

Going forward, market focus will shift from "how many rate cuts" to "how is the economy." Once war spirals out of control and recession arrives, gold's ultimate value in countering credit risk will be awakened once again. It may not be the sharpest spear, but it will certainly be the most solid shield.

Buy where no one pays attention, sell where crowds gather. After the ice point of sentiment, turnarounds are often within sight.