TechFlow News: On March 24, BIT (formerly Matrixport) released its chart of the day, stating, “Gold is undergoing its first relatively significant correction in recent years, with prices retreating to around $4,400. Buying interest may gradually emerge in this range, while stronger support could lie near $3,500. In the short term, rising real interest rates typically exert downward pressure on gold prices—but this effect tends to be temporary and insufficient to alter the medium-term fundamentals.
From a medium- to long-term perspective, sustained expansion of sovereign debt remains a key structural factor underpinning gold demand. With current geopolitical tensions intensifying and national defense spending rising, government borrowing is expected to expand further—and this trend is likely to persist. Against this backdrop, the zone below $4,400 may gradually attract increased attention from long-term allocation capital.”
