Yichen: CPI Storm Approaching! Gold Bulls Gaining Momentum, Breakout Imminent



On the four-hour chart, the price stabilizes above the middle band of the Bollinger Bands, relying on medium-term support to steadily rise. The KDJ indicator's midpoint turns upward, indicating continued short-term bullish momentum.

From the news perspective, market focus is highly centered on the upcoming US March CPI inflation data, which will directly influence the Federal Reserve's interest rate cut pace. Coupled with ongoing turmoil in Middle Eastern geopolitics, safe-haven buying continues to support gold prices. Under the dual support of geopolitical risk aversion and rate cut expectations, gold bulls remain solid.

Suggestions:
Pull back to around 4715-4735 to buy in batches; aggressive traders can buy near 4750, targeting 4800 and 4850. If broken, continue to look for 4900.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trade at your own risk. $XAU
XAU0,87%
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