Huili Fund ETF Senior Strategy Officer Zhao Shande said that based on technical and fundamental support, he continues to be optimistic about gold. From a technical perspective, the price of gold has formed a trend of higher highs and higher lows over the past few seasons, which is a typical bullish signal. More optimistically, the price of gold has broken through the strong resistance level of $2000 and is currently at historical highs. Therefore, strong technical support should continue to provide upward momentum for the gold price, and any recent price corrections can provide good buying opportunities for investors. Zhao Shande pointed out that there are also several factors on the fundamental side that are bullish for the price of gold. First, with inflation slowing down, market expectations of loose monetary policies by the Federal Reserve and other central banks globally are key factors driving the strength of the gold price. Secondly, this year's general elections in many countries globally bring geopolitical uncertainties, which are expected to increase market demand for gold as a safe-haven asset in the short term. Furthermore, in the long term, the continuous rise in the U.S. fiscal deficit may erode the purchasing power of dollar assets, and the structural trend of central banks increasing gold reserves is expected to continue, thus maintaining diversification of reserves. According to Wind data, on March 21st, London Gold Spot and COMEX Gold Futures prices reached highs of $2222.91 and $2225.3 per ounce respectively, both setting historical records, with increases of 12.04% and 11.47% respectively from the lows set on February 14th. There was a slight pullback afterwards, and as of March 25th Beijing time, both prices were trading around $2165 per ounce.