Asia morning session, international spot gold repeatedly confirms at high levels. Overnight, a rapid surge directly broke historical records, and the enthusiasm for the precious metals sector soared, with market participation clearly increasing.

However, with such a sharp increase, the risk of a pullback is also accumulating. Gold prices have risen too much in the short term, and holders are starting to take profits in batches. From a technical perspective, obvious signs of overbought conditions can be seen. If there is no new positive news to support this, a correction could come at any time.

Market sentiment is gradually becoming more cautious. The key is that the Davos Forum is about to hold relevant meetings, and geopolitical uncertainties are causing risk-averse funds to hold back. This, paradoxically, limits the space for gold prices to continue falling—after all, if the situation changes, safe-haven buying will follow.