Yichen: Pullback to Gather Strength, Bullish Reversal Window Opens

After a deep correction yesterday, a strong rebound was seen, demonstrating the resilience of the bulls. The four-hour gold price has stabilized and rebounded from the lower support level. The MACD green bars are narrowing, indicating weakening bearish momentum, and the short-term rebound has the potential to continue.

From a fundamental perspective, ongoing global geopolitical conflicts continue to intensify safe-haven demand. Coupled with persistent gold purchases by central banks around the world, this provides a solid bottom support for gold prices. Although hawkish statements from the Federal Reserve suppress short-term upside potential, uncertainties in US economic data and sticky inflation keep market expectations for rate cuts alive. The financial attributes and safe-haven value of gold will continue to be highlighted.

Suggestions:
Intraday, consider buying in batches around 5120-5130, with targets of 5200, 5240, 5300.

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