Since late January 2016, the market is enjoying a strong rally in the global commodity prices including oil, iron ore and other commodities.

Having considered the trend for supply and demand and the fundamentals of China's economy, ANBOUND’s research team is of the view that it is unlikely that the rally in prices will continue for a mid-long term.

Earlier, the commodity price fell for too long and hence the technical rebound will continue for some time.

However, in light of the excess capital, it is necessary to increase gold reserve as a measure to fend off the future risk.

From the perspective of technical analysis, the price of gold has some considerable room for further rally.