Gold is about to experience a new round of main upward wave!

From a technical perspective, the four-hour chart shows that gold prices have broken through the BOLL middle band resistance, launching an attack toward the upper band at $4,732. The moving averages are arranged in a bullish configuration, and although the KDJ indicator is at a high level, there is no obvious turning signal. The rebound trend is still continuing, and short-term adjustments do not change the upward pattern.

On the news front, the Middle East geopolitical situation repeatedly disturbs the market, and safe-haven buying continues to support gold prices; at the same time, the market's long-term expectations of a Federal Reserve rate cut have not been reversed, and the high-level oscillation of the US dollar index also provides space for gold bulls. If tonight's US initial jobless claims data releases a weak signal, it will further strengthen the market's bets on the Fed's easing policy, providing new momentum for gold prices to rise.

Suggestions:
Buy on dips around 4680-4700 in batches, target 4750, 4800

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk based on this. #Gate广场五月交易分享