Yichen: Bearish Crushing! Gold's 5000 Point Defense Line Tottering, Collapse Imminent!

From a technical perspective, the four-hour gold price is firmly pressured below the Bollinger Band middle band at 5077, operating in the mid-to-lower band bearish zone, with the lower band at 4944 becoming a key support level. The MACD indicator's dual lines remain below the zero axis, and although there is minor recovery, the bearish-dominated pattern remains unchanged, with weak histogram red column momentum making it difficult for rebounds to break through key resistance levels.

From a fundamental perspective, Middle East conflicts have not escalated further, risk-aversion sentiment is rapidly retreating; meanwhile, Federal Reserve officials have intensely released hawkish signals, market rate-cut expectations continue to cool, and a strengthening US dollar index directly suppresses gold prices.

Suggestions:
Batch short sales near rebounds at 5030-5050, targets at 4950, 4900

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Investors bear their own risks based on such operations. $XAU