In the short to medium term, gold should pay attention to the 4700-4800 range as a profit-taking point, holding positions and waiting for a dip to buy back. It may reach above 4900, but with a fish tail pattern. It is expected that in April, there is a 70% chance that prices will range between 4100-4400. The long-term logic still points to a target of 6000 in the second half of the year.

Why do I insist that gold will reach 6000 in the second half of the year? Because of political infighting combined with macroeconomic issues. The out-of-control national debt of 40 trillion yuan in the second half of the year is a concern. Currently, paying interest on this debt already consumes 20% of US fiscal revenue, which is more than the US spends on healthcare, the largest expenditure. Moreover, there are also 200 trillion dollars in financial derivatives. The collapse of the US dollar's credit is only a matter of time.