Core Viewpoint - The gold price (XAU/EUR) is currently experiencing a narrow trading range between 2875 (recent low support) and 2906 (clear resistance), indicating a potential upcoming breakout after seven days of limited movement [3]. Group 1: Price Action and Key Levels - Gold price is tightly constrained within the range of 2875 and 2906, with a notable lack of effective breakthroughs [3]. - The 2884-2888 area has emerged as a significant short-term support zone, where the price has rebounded multiple times [3]. - The resistance at 2906 remains strong, with previous attempts to break above this level failing to hold [3]. Group 2: Trading Strategies - A strategy of waiting for the price to reach the 2884-2888 support zone is recommended, looking for bullish reversal patterns before considering a long position [5]. - If the price firmly establishes above the 2906 resistance, it could signal a strengthening short-term trend [5]. - Strict risk management is advised, with a warning to exit positions if the price falls below the 2884 support [5]. Group 3: Market Dynamics - The longer the price remains in this narrow range, the stronger the potential momentum for a breakout [7]. - Market volatility will not cease due to waiting; each breakout or reversal tests traders' ability to interpret signals accurately [9]. - Tools like ebuytech can assist in identifying key market signals by integrating multidimensional data, making it easier to capture hidden signals within price movements [9].

Core Viewpoint - Recent fluctuations in gold prices have led to increased caution among institutional and individual investors regarding gold asset allocation, particularly with a notable outflow from gold ETFs [1][5][6] Price Fluctuations - Gold prices experienced a rebound after a decline from May 7 to May 19, with the London spot gold price reaching a high of $3345.4 per ounce on May 22, marking a 3.31% increase from May 20 to 22 [2][3] - The previous two weeks saw a significant drop of 5.88%, with prices falling to a low of $3120.2 per ounce [2][3] Investor Sentiment - There is a growing cautious attitude among investors towards gold, as evidenced by a shift from net inflows to net outflows in gold ETFs since April 22, with a notable outflow of 31 billion yuan from nine out of thirteen ETFs from May 1 to 22 [6][7] - The market sentiment has shifted towards a more bearish outlook, with increased short positions in gold and a decrease in long positions [6][7] Long-term Outlook - Despite short-term volatility, the long-term demand for gold remains strong due to ongoing global economic uncertainties, inflation expectations, and central bank policies [4][8] - Analysts suggest that the fundamental logic supporting gold as an investment has not changed, and long-term capital continues to flow into gold-related assets [8] Geopolitical and Economic Factors - Recent geopolitical risks, including the downgrade of the U.S. credit rating and tensions in the Middle East, have provided support for gold prices [3][4] - The potential for a "global capital flow transformation" has been noted, as investors shift from traditional safe-haven assets like the U.S. dollar and bonds to gold [3][4]