Core Viewpoint - The gold market in 2025 has experienced significant volatility, with prices soaring from $3,000 to $4,000 per ounce in the first seven months, peaking at $4,398 before a notable decline [1][3]. Group 1: Market Dynamics - The core logic for gold investment has shifted from "chasing profits" to "risk hedging" as the era of rapid price increases comes to an end [3]. - Central banks globally continue to purchase gold, with 2022 seeing purchases exceed 1,000 tons for the first time, and 2024 projected to reach 1,136 tons, marking the second-highest level in history [3]. - As of August 2025, China's central bank has increased its gold reserves to 2,303.52 tons, a rise of 449.75 tons since the end of 2018 [3]. Group 2: Economic Factors - 95% of surveyed central banks plan to increase gold holdings in the next 12 months, primarily as a hedge against the declining credibility of the US dollar, which has a debt exceeding $36.2 trillion [5]. - The Federal Reserve's interest rate cuts in 2025, totaling 75 basis points, have lowered the yield on 10-year US Treasury bonds to 2.9%, reducing the holding costs of gold [5]. - The US dollar index fell over 10% in the first half of 2025, enhancing the attractiveness of gold priced in dollars for global investors [5]. Group 3: Industrial Demand - Industrial demand for gold is emerging as a new growth driver, particularly in sectors like chip manufacturing and data center cooling, with a projected 7% increase in technology-related gold usage in 2024 [7]. - The expansion of the photovoltaic industry is expected to push gold usage in conductive materials to over 50 tons in 2025, providing additional support for gold prices [7]. Group 4: Market Sentiment and Investment Strategy - Market sentiment is mixed, with a significant accumulation of put options in the $4,000 - $3,900 range, indicating bearish sentiment [9]. - Geopolitical risks, while still present, are becoming normalized, reducing their impact on gold prices [9]. - For ordinary investors, the new tax policy on physical gold purchases, effective from November 1, 2025, imposes a 13% VAT on non-exchange channel purchases, making gold ETFs a more attractive option due to their tax exemption and liquidity [11]. - The current investment strategy should focus on gradual accumulation during price corrections, maintaining gold's allocation in total assets between 10%-15% to serve as a safety net against riskier assets [13][14].

Group 1 - The article discusses the updated OVS indicator, which is essential for defining blue-green diamonds and volume riding points, and emphasizes the importance of using PV2, PV3, and OV3 for identifying momentum values [1][2] - Despite a strong market performance, the article suggests that low-buying strategies are more reliable, with recent operations yielding satisfactory results [1] - The article highlights two lithium mining stocks that have recently shown green diamonds, indicating potential investment opportunities [3] Group 2 - The article advises sticking to familiar and manageable trading patterns, noting that the logic behind rapid volume reduction is clearer and more reliable [4] - It mentions that there are signals in liquid cooling technology, although there are concerns about uncertainty due to high turnover rates, citing specific stocks like Strong瑞技术 that experienced volatility [4] - The article also references Linyi Smart Manufacturing, which showed signals but lost them after breaching certain constraints, indicating ongoing emergence of high transaction volume models [6]

Group 1 - The core viewpoint emphasizes the importance of identifying low volatility points in a strong market for investment opportunities, rather than relying solely on mechanical indicators like blue-green diamonds [1][2] - The article suggests that in a strong upward trend, the price structure is controlled by the bulls, and the absence of blue-green diamonds does not negate the potential for investment [2] - It highlights the significance of understanding the RS_D indicator for recognizing convergence points, which can be adjusted based on market conditions [1][2] Group 2 - The discussion includes the importance of being adaptable with parameters when using indicators like RS_D to identify market opportunities [1] - The article mentions that successful strategies involve understanding and mastering specific indicators, such as RSLine divergence, to capitalize on market movements [3] - It concludes that having a clear understanding and confidence in chosen strategies is essential for achieving success in investments [3]