Institutions generally provide cautious advice on "bottoming out gold".

For investors who are eager to "buy the bottom", institutions generally give cautious advice. "Some technical analysis indicates that the price of gold has clearly broken through the key support level of the 60-day moving average, which means that the downside space may be further opened." The above-mentioned traders suggest that, considering that bearish factors such as the Federal Reserve's monetary policy and the trend of the US dollar are still fermenting, the short-term downward trend has not yet ended, ordinary investors should not blindly catch falling knives in the downward trend. It is advisable to wait for the price of gold to stabilize in the range of $4400-4600 per ounce, and then gradually layout for medium to long-term holdings.