4700 resistance level fluctuates, gathering strength to surge to new highs!

On the news front, the uncertainty in the Middle East situation continues to ferment, and the market's long-term concerns about geopolitical risks have not dissipated. Safe-haven funds still regard gold as a core allocation option, providing solid fundamental support for gold prices. Meanwhile, ongoing central bank gold purchases and the safe-haven premium brought by geopolitical tensions continue to underpin the value center of gold.

From a technical perspective, the four-hour gold price remains above the middle band of the Bollinger Bands, which continues to move upward, indicating that the medium-term upward channel is intact. The KDJ indicator has retraced to the neutral zone, with short-term adjustments fully underway, and there is still upward momentum. Support around 4670 is strong below, and once the resistance at 4730 is broken above, the bullish space will further open.

Suggestions:
Pull back to around 4670-4690 to buy 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