Yichen: Brief pullbacks are golden opportunities to board! Global central banks support gold with purchases, and the gold bull market is far from over!
From a technical perspective, although the price temporarily broke below the Bollinger Band midline, it remains within the medium-term uptrend channel, with the lower band at 5094.78 USD providing strong support. The MACD death cross represents short-term sentiment release, and green columns have not expanded significantly, indicating limited bearish momentum. The 4-hour pullback has not destroyed the overall bullish structure, representing a consolidation wash during the uptrend.
News and international situations continue to support gold's core logic: Although Middle East geopolitical conflicts have temporarily eased, regional uncertainty persists, and safe-haven demand has not completely receded. Once the situation escalates, it will quickly activate gold buying; meanwhile, U.S. inflation data remains sticky, and market expectations for Fed rate cuts this year have not reversed, with dollar strength being only a short-term effect. Additionally, continuous gold purchases by global central banks provide the gold price with solid fundamental support.
Suggestions: Buy on pullbacks around 5100-5120 in layers, targets at 5200, 5250
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Investors assume all risks based on their own decisions. $XAU
Yichen: Brief pullbacks are golden opportunities to board! Global central banks support gold with purchases, and the gold bull market is far from over!
From a technical perspective, although the price temporarily broke below the Bollinger Band midline, it remains within the medium-term uptrend channel, with the lower band at 5094.78 USD providing strong support. The MACD death cross represents short-term sentiment release, and green columns have not expanded significantly, indicating limited bearish momentum. The 4-hour pullback has not destroyed the overall bullish structure, representing a consolidation wash during the uptrend.
News and international situations continue to support gold's core logic: Although Middle East geopolitical conflicts have temporarily eased, regional uncertainty persists, and safe-haven demand has not completely receded. Once the situation escalates, it will quickly activate gold buying; meanwhile, U.S. inflation data remains sticky, and market expectations for Fed rate cuts this year have not reversed, with dollar strength being only a short-term effect. Additionally, continuous gold purchases by global central banks provide the gold price with solid fundamental support.
Suggestions:
Buy on pullbacks around 5100-5120 in layers, targets at 5200, 5250
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Investors assume all risks based on their own decisions. $XAU