2026-03-16 02:15:13

Yi Chen: 5000 Support Breached! Gold Bulls in Retreat, Can Geopolitical Tensions Save the Downtrend?

The price broke below the lower Bollinger Band support on the four-hour timeframe, with MACD green histogram continuously expanding, DIF and DEA forming a death cross. Technical bearish signals are clear, and the short-term weakness pattern is difficult to reverse.

From a geopolitical perspective, although conflicts still carry uncertainty, market concerns about escalation have temporarily eased. Combined with the U.S. dollar index showing periodic strength, gold's safe-haven buying has been suppressed. Capital flow monitoring shows bearish forces are dominant, with profit-taking selling from bulls surging.

Recommendation:
Sell in batches near the 5035-5055 rebound level, targets at 4950, 4900

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trading based on this analysis is at your own risk. $XAU

XAU-0,23%

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