$XAU ‌#Gate广场四月发帖挑战 Gold is currently trading in a range of 4600–4800, with the key to the direction hinging on the April 8 US–Iran geopolitical ultimatum window: if tensions ease, it will break above 4800; if the conflict escalates, oil prices will stay high, the US dollar will remain strong, and gold will dip to 4600. Going forward, the April 10 CPI and the April 28–29 Federal Reserve meeting on interest rate decisions will ultimately confirm the overall medium-term trend. At present, the market expects rate cuts in September, which is somewhat bearish; if those expectations are brought forward, gold could see a wave of bullish counteroffensive… In any case, there’s nothing worse than now—there aren’t many major negative factors left. Even if rate cuts are delayed, the worst-case outcome is simply a wider range of sideways consolidation.