Looking back, the previous judgment that there was strong support for the gold 4500 was correct. Today, the rebound of gold and silver was very strong, and I also tried two short positions, but both were damaged. Gold is under pressure at both the psychological level of 5000 and the structural level of 5100. A decline at this level is unlikely to rebound to above 5400 in one go, so we will closely follow the market and continue to seek short-term high-altitude opportunities. However, the underlying logic of the long-term rise of gold itself has not changed, and the long-term strategy of the global central bank to hedge against the dollar crisis has not changed. The recent decline has just squeezed out speculative foam, which is a healthy callback. Institutions holding a large amount of physical gold will not sell because of this decline, so the decline itself is unsustainable. So we need to bravely buy at the bottom and make a long run in the range of 4500-4000. Once the structural repair is completed in a few months, it will start to rise again.