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$XAU 🔥Gold W-bottom formation emerging, neckline level, trading begins
Macroeconomic perspective: geopolitical risks intensify + US dollar weakens + central bank continues gold purchases, resonance of safe-haven and inflation-hedging demand provides long-term support for gold
Market structure: breaking through the previous downtrend line, W bottom pattern confirmed, focus on the neckline resistance around 4720
Breakout and retest target 4850-4900
In the short term, focus on around 4650 below
Rely on support to stabilize and enter on the right side, do not chase highs, strictly guard #加密市场回升