Eternal Dust: Global risk aversion sentiment is at its peak! Gold experiences a brief correction, and the upward main trend remains unchanged

Currently, the international geopolitical situation remains volatile, and global risk aversion continues to intensify. The Fed's interest rate cut cycle expectations have materialized, and the broad dollar liquidity environment remains unchanged. High inflation and global monetary easing continue to provide underlying support for long-term gold price increases.

On the market level, the recent pullback in spot gold is a healthy correction during the bullish rally and does not indicate a trend reversal. The four-hour Bollinger band bullish structure is intact, with gold price precisely testing the medium-term key support level, with sufficient defensive strength below. The short-term KDJ decline is merely a sentiment shakeout caused by profit-taking at high levels, and the bearish momentum is unlikely to sustain.

Suggestions:
Buy in batches around 4750-4770 on pullback; aggressive traders can buy near 4785, targeting 4850 and 4880; if broken, continue to look up to 4900.

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