Yichen: Downtrend Ends! Gold Surges Strong Counterattack from 4502, New Bull Market Officially Launched!

From an international perspective, geopolitical conflicts in the Middle East continue to escalate, shipping risks in the Strait of Hormuz intensify, and global risk-off sentiment rapidly warms up. Gold's allocation value as a core safe-haven asset becomes increasingly prominent. Meanwhile, market expectations for the Federal Reserve to cut rates within the year have not completely faded. With the economy's resilience questionable in a high-interest-rate environment, once inflation data declines, the rate-cut window will reopen again, providing strong upward momentum for gold.

From a technical perspective, the MACD indicator on the 4-hour timeframe completes a golden cross, with green bars turning red releasing strong bullish signals. Price rebounds forcefully from the lower Bollinger Band near 4565, gradually approaching the middle band at 4864, with a clear short-term rebound trend. The previous low of 4502 has formed solid support, while the 4650 intraday opening price below provides strong protection. Bullish momentum continues to accumulate.

Suggestions:
Buy in batches near the 4650-4670 pullback level, targeting 4750, 4800

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