Core Viewpoint - The recent decline in gold prices, breaking below $4000 per ounce for the first time since October 10, is attributed to technical corrections and a high level of market congestion among bullish positions, alongside a withdrawal of geopolitical risk premium [1][2]. Group 1: Price Movement and Market Analysis - Gold prices have been on a downward trend for nearly a week, having peaked at $4390 per ounce on October 17 before experiencing a sharp decline on October 21 [2]. - The current market conditions indicate that the high level of bullish positions has led to profit-taking, contributing to the recent price drop [2]. - The backdrop of "high interest rates and a strong dollar" is changing, with expectations of further interest rate cuts by the Federal Reserve, which may lead to a weaker dollar and support gold prices in the long term [2][3]. Group 2: Long-term Outlook and Investment Strategy - Despite the short-term price correction, the long-term upward trend for gold remains intact due to ongoing monetary easing and a significant increase in global central bank gold purchases, averaging over 1000 tons annually since 2022 [3]. - The demand for gold as a safe-haven asset continues to be strong amid global uncertainties, providing a stable support for gold prices [3]. - Investors are advised to consider their own investment experience, capacity, and risk tolerance when investing in gold, emphasizing the importance of suitable asset allocation rather than following market trends blindly [3].