Short-term Fluctuations, Long-term Bullish Foundation Remains InGold vs US DollarPEPPERSTONE:XAUUSDmwewuj🥇The international gold market has seen sharp volatility. Spot gold pulled back sharply from an intraday high of $4,856 to a low of $4,699, falling more than 2% on the day, and is currently trading around $4,720. Amid a mix of factors including the temporary U.S.-Iran ceasefire, shifting expectations over Fed policy, and upcoming heavyweight data releases, gold’s pricing logic is at a critical juncture between short-term shifts and long-term conviction. Market dynamics and key upcoming variables will jointly determine whether gold extends its correction or resumes its rally. 🏆Gold is expected to trade mainly in high-level consolidation, with a key support level at $4,600 and key resistance at $4,800–$4,850. A “sell high, buy low” strategy is recommended: go long in the $4,650–$4,700 range, take profits near $4,750–$4,800, and set strict stop-losses to manage risk. Tomorrow’s CPI data and progress in U.S.-Iran negotiations will be decisive. Favorable data and stable talks will reignite the upward trend in gold prices; otherwise, the correction will continue. 💪The pullback in gold is not a trend reversal, but a normal reaction to short-term sentiment digestion and capital game-playing. The revival of interest rate expectations brought by the U.S.-Iran ceasefire has opened new upside room for gold. Fed signals and CPI data will act as the weathervane for short-term trend changes. For investors, it is essential to control risks tightly and seize opportunities within the trading range in the short term, while adhering to the long-term logic of central bank gold purchases and de-dollarization. The long-term bull market in gold is far from over.