Core Viewpoint - The international gold price is expected to stabilize and potentially rise after a period of adjustment, with market sentiment shifting towards bullish as negative factors are anticipated to be exhausted [1][3]. Price Movement Summary - On October 29, gold opened at $3950.69 per ounce, dipped to a low of $3916.97, and later rebounded to a high of $4030 before closing at $3930.21, marking a daily fluctuation of $113.03 and a decline of $20.48 or 0.52% [1][3]. - The price movement was influenced by market reactions to the Federal Reserve's interest rate cut and geopolitical tensions, including U.S.-Russia sanctions and trade discussions with China [3][5]. Market Sentiment and Future Outlook - The market is currently experiencing a bullish sentiment driven by buying pressure as negative expectations are likely to be fully priced in, with a focus on upcoming U.S.-China trade talks [3][5]. - The Federal Reserve's recent interest rate cut of 25 basis points has led to a stronger dollar, which has pressured gold prices, but expectations of further rate cuts may support gold in the long term [3][5]. Technical Analysis - Technical indicators suggest that gold prices are at a critical juncture, with potential support near the 10-week moving average and the middle band of the Bollinger Bands indicating limited downside [7][9]. - The daily chart shows a reversal pattern with signs of a bottoming process, suggesting that gold may either consolidate before rising or test lower support levels before rebounding [9].