The trend is set, no need to hesitate! Gold opens a new upward channel

The international geopolitical situation remains tense, with Middle East conflicts repeatedly intensifying, and global risk aversion sentiment sharply rising, deeply activating gold's safe-haven properties, providing strong support for gold prices to rise. Meanwhile, expectations of continued easing of global monetary policies are strengthening, and market attention to the pace of interest rate cuts in major economies continues to climb, further amplifying the demand for gold as a store of value, forming the core driving force for medium- and long-term upward movement.

From a technical perspective on the four-hour cycle, gold prices are supported by the lower band of the Bollinger Bands, stabilizing and rebounding. The support at the lower band around 4704 is solid, with extremely limited space for a pullback. The three lines of the KDJ indicator are turning upward, indicating a clear short-term rebound signal. After breaking through the middle band of the Bollinger Bands at 4781, a new round of upward space will open.

Suggestions:
Pull back to around 4700-4720 to buy in batches, aggressive traders can buy around 4730, targeting 4780, 4800, with a break to look for 4850

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