山海：黄金保持回落做多节奏，持续关注延续空间！

Group 1 - The core viewpoint indicates that gold continues to maintain a bullish trend, with a focus on buying during pullbacks. Recent trading days have shown a phase of upward movement, with gold reaching a high of 3895 before retreating to around 3855, providing opportunities for trend-following trades [4][5]. - The market sentiment is crucial, as the potential for new highs in the Asian and European sessions is being monitored, with a target of around 3935 if the bullish momentum continues. However, this outlook is primarily based on market emotions rather than strong technical reasons [4][5]. - Technical analysis suggests that while there is some adjustment space on the daily chart, the overall bullish trend remains intact, with support levels at the 5-day moving average of 3835. A drop below this level could indicate a high-level consolidation phase [4][5]. Group 2 - Silver is also in a bullish trend, recently reaching a high of 47.8 and closing at 47.2. The support levels for silver are at 46.5 and 46, with a recommendation to maintain a buy-on-dips strategy rather than chasing after high prices [5]. - International crude oil has adjusted to around 61.5, aligning with expectations and providing opportunities for bullish trades. The highest point reached was 62.5, indicating a good profit potential, with future targets set at 64 and 66 [5].