Yichen: The risk aversion frenzy is at its peak! Gold bulls are gathering strength, with the next target set on a new all-time high!

The current international situation provides strong support for gold: ongoing escalation of Middle East geopolitical conflicts, increased shipping risks in the Strait of Hormuz, rising global risk aversion sentiment, and continuous capital inflows into gold as a safe haven asset; meanwhile, under the wave of de-dollarization, many central banks are steadily increasing their gold reserves, reinforcing long-term demand. Although market expectations for a Fed rate cut have fluctuated, the resilience of the U.S. economy and persistent inflation mean that real interest rates remain downward, and the downward trend in real yields has not changed. The pressure of high interest rates on gold is gradually easing, and once a rate cut cycle begins, it will further open up space for gold prices to rise.

From a technical perspective, after the gold price retraced to the 5120-5100 range, buying interest clearly entered, with solid support below. The four-hour MACD green bars narrowed, indicating weakening bearish momentum, and a rebound signal is gradually emerging. After short-term consolidation, gold is expected to break through the 5180-5200 resistance zone and challenge the previous high of $5419.

Recommendations:
Buy in batches around 5115-5135 on pullbacks, target 5200, 5250

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