Yichen: The decline has ended! Gold has surged strongly from 4502, and a new bull market has officially begun!

From an international perspective, conflicts in the Middle East continue to escalate, shipping risks through the Strait of Hormuz have increased, and global risk aversion is rapidly intensifying. As a key safe-haven asset, gold's allocation value is becoming more prominent. Meanwhile, market expectations for a rate cut by the Federal Reserve this year have not fully dissipated. In a high-interest-rate environment, economic resilience remains uncertain, and once inflation data declines, the window for rate cuts will reopen, providing strong upward momentum for gold.

From a technical standpoint, the MACD indicator on the four-hour chart has completed a golden cross, with the green bars turning red, signaling a strong bullish trend. The price has rebounded sharply from the lower Bollinger Band near 4565 and is gradually approaching the middle band at 4864, clearly indicating a short-term rebound trend. The previous low of 4502 has established a solid support level, and the daily opening price below 4650 offers strong protection. Bullish momentum continues to build.

Suggestion:
Buy on dips near 4650-4670 in batches, with targets of 4750 and 4800.

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