PANews reported on March 22nd, citing Yicai, that institutions generally offered cautious advice to investors eager to "buy the dip." "Technical analysis indicates that gold prices have clearly broken through the key support level of the 60-day moving average, meaning that further downside potential may be unlocked," the aforementioned trader advised. Given that negative factors such as the Federal Reserve's monetary policy and the dollar's performance are still unfolding, the short-term downward trend has not yet ended, and ordinary investors should not blindly try to catch a falling knife. They should wait for gold prices to consolidate and stabilize within the $4400-$4600/ounce range before gradually accumulating positions for medium- to long-term holding.

Furthermore, Huaxia Fund analyzed that gold, considered a safe-haven asset, has been declining since March because its safe-haven appeal stems from the collapse of the US dollar's credit and runaway inflation, rather than the risks of liquidity depletion and deflation. Currently, the market is concerned about marginal deterioration in liquidity, while the impact of geopolitical conflicts has significantly weakened. The institution believes that the monetary tightening impact on gold is more temporary, and the long-term logic of geopolitical conflicts and central bank gold purchases has not been shaken or reversed. Gold's medium- to long-term upward momentum continues, but in the short term, it still needs to wait for the release of risks. Luo Zhiheng, chief economist at Yuekai Securities, pointed out that the current plunge in gold is not a signal of the end of the bull market, but rather a deep correction during an upward trend. In the long run, the normalization of global geopolitical risks, strong gold purchase demand from non-US central banks, and the risk that the global economy may shift from "inflation" to "stagnation" will all provide solid support for gold prices.