Gold prices rebound amid turbulence, but high volatility dampens market sentiment

1. The gold market has recently returned above $4,500 per ounce, and even briefly surpassed the 4,600 mark during Tuesday's Asian session. However, market strategists have pointed out that intense price fluctuations are causing many retail investors to stay on the sidelines, which may create short-term downward pressure on gold prices. Extreme volatility and high margin requirements have pushed a large number of traders out of the market.2. Ghana stated that the rapid price reversals in the futures and options markets are making it increasingly difficult to establish and manage positions. Even traders holding short positions often find themselves caught on the wrong side when the market reverses too quickly, resulting in a notable decrease in leveraged trading activity.3. Holders of physical gold and ETF positions are relatively more resilient, but panic selling still exists. She believes that in the short term, gold may struggle to quickly regain upward momentum, and it will take longer for retail investors to rebuild confidence.4. Ghana remains cautious about the short-term outlook, expecting that gold may see a technical rebound, but any rebound could become a better selling opportunity. She emphasized that crude oil is currently the core driving force for the entire commodities market, and other categories such as metals and grains are actually being indirectly influenced by crude oil price movements.5. She suggests adopting low-cost, low-risk defensive strategies in the current highly volatile environment. For ordinary participants, choosing to observe from the sidelines may be a more prudent choice.