DeepTide TechFlow News: On March 24, BIT (formerly Matrixport) released today's chart stating that "gold is experiencing its first significant pullback in recent years, with prices retreating to around $4,400. Buying interest may gradually emerge in this range, while stronger support levels could be located near $3,500. In the short term, rising real interest rates typically exert downward pressure on gold prices, but this impact is more cyclical in nature and insufficient to alter the medium-term fundamentals.

From a medium to long-term perspective, the continued expansion of sovereign debt remains an important structural factor supporting gold demand. Given current geopolitical tensions and rising defense spending across nations, government borrowing is expected to expand further, and this trend is likely to continue. Against this backdrop, areas below $4,400 may gradually attract more attention from long-term allocation capital."