The "V" shaped trend in gold pricesGOLD (US$/OZ)TVC:GOLDsbrftbGold Price Analysis: Gold's "V-shaped" price movement perfectly illustrates its dual nature in the current macroeconomic environment. When the market focus is on the direct safe-haven demand stemming from geopolitical conflicts, gold rises; however, when the focus shifts to the "inflation-interest rate hike" logic triggered by the conflict, gold plummets due to rising interest rates. Monday's market was an extreme example of the latter logic. This rollercoaster ride has also served as a warning to investors; a single social media post from Trump was enough to render technical and fundamental predictions instantly ineffective. The market outlook remains uncertain. Currently, after rising to $4510, gold fluctuated and fell back again overnight, closing near $4360. Although the market has temporarily eased, the US dollar and crude oil remain at high levels, thus gold is still under pressure. Until the energy issue is fully resolved, it is difficult for gold to enter a normal safe-haven upward trend. Therefore, the temporary easing of geopolitical tensions can only lead to a volatile performance for gold. From a technical perspective, although gold closed higher at 4510, forming a hammer candlestick with a long lower shadow on the daily chart, it hasn't yet closed positive, and the Bollinger Bands haven't narrowed. Therefore, it's still uncertain whether 4100 is the bottom. Future performance will depend on changes in the geopolitical situation. The H4 chart shows a rebound, confirming 4510 as a short-term top. The Bollinger Bands are widening, and the moving averages are diverging downwards, indicating a very weak market. This pullback is a normal mid-term trend. If the weakness continues today, gold has room to fall further, potentially reaching a low of 4200 before a bottoming pattern emerges. Therefore, barring any major market surprises, gold is likely to continue its decline under the resistance at $4500, with support at 4200 and a possible break below the 4100 low. Trading strategy: Sell short at 4450-4440, stop loss at 10-15 points, target 4350-4300. Buy long at 4200-4210, stop loss at 10-15 points, target 4300-4400.