The current ups and downs are all emotional effects under poor liquidity. If the US economy does not enter a recession in July, August, and September, and no black swans appear, there is a high probability that the three months will continue to fluctuate widely until September, entering the pre-election state.

Next is the election cycle, which is generally favorable to risky assets and relatively bullish.

If there is an economic recession, then the current price is definitely not the bottom, and a larger gold pit will appear.