Yichen: The final rally of the bulls! Under the strong pressure of 5030, gold prices are set to experience a cliff-like decline!

The four-hour chart remains below the Bollinger middle band at 5034, with clear bearish technical signals. Although the MACD has briefly turned positive, momentum is weak, and the overall trend remains in a downward channel. The previous high of 5419 acts as a strong resistance, and the low-level consolidation appears more like a continuation of the decline, with limited room for a rebound.

From an international perspective, despite ongoing geopolitical tensions in the Middle East, market risk aversion has gradually been absorbed. Concerns over shipping in the Strait of Hormuz have not escalated further, making it difficult for gold prices to sustain gains in the short term. Meanwhile, US economic data continues to show resilience, and expectations for a Fed rate cut in March have cooled again. The dollar index remains high, steadily supporting its position and continuing to suppress precious metal valuations. Additionally, long gold positions are at elevated levels; once market sentiment shifts, profit-taking will accelerate the decline in prices.

Recommendations:
Gradually short on rebounds near 5025-5045, with targets at 4960 and 4900.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. All risks are assumed by the investor.