Yichen: The Last Carnival of Bulls! Under Strong Pressure at 5030, Gold Price Will Plummet Dramatically!

On the four-hour level, the price remains under pressure below the Bollinger Band midline at 5034. Technical bearish signals are clear, and although MACD briefly turned red, the momentum is weak. The overall trend remains in a downward channel. The previous high of 5419 forms strong resistance, and the low-position oscillation recovery looks more like a continuation of the decline, with limited rebound space.

From an international perspective, although Middle East geopolitical conflicts still pose disruptions, market risk-off sentiment has gradually been digested. Concerns about Strait of Hormuz shipping have not escalated further, making it difficult to sustain upward gold price momentum in the short term. Meanwhile, U.S. economic data still shows resilience, and market expectations for Federal Reserve rate cuts in March have cooled again. The U.S. dollar index remains stable at elevated levels, continuously suppressing precious metals valuations. Additionally, gold long positions are at elevated levels. Once sentiment shifts, profit-taking will accelerate price declines.

Suggestions:
Sell in batches near 5025-5045 resistance, targets: 4960, 4900

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Investors bear the risk for any operations based on this analysis. $XAU