Yichen: Brief pullback is a good opportunity to get on board! Global central banks are supporting gold purchases, the gold bull market is far from over!

From a technical perspective, although the price briefly broke below the Bollinger Band midline, it still operates within the medium-term uptrend channel, with the lower band at 5094.78 USD providing strong support; the MACD death cross represents short-term sentiment release, with green columns not yet showing significant volume expansion, indicating limited bearish momentum. The 4-hour pullback has not destroyed the overall bullish structure, representing accumulation and consolidation during the uptrend.

News and international situation continue to support gold's core logic: Although Middle East geopolitical conflicts have temporarily eased, regional uncertainty remains, and risk-aversion demand has not completely faded. Once the situation escalates, gold buying will be quickly activated. Meanwhile, U.S. inflation data still shows stickiness, and market expectations for Fed rate cuts this year have not reversed. Dollar strength suppression is only a short-term effect. Additionally, the sustained gold purchases by global central banks for long-term allocation needs provide solid bottom support for gold prices.

Suggestions:
Accumulate long positions in batches near 5100-5120, target 5200, 5250

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Risks from acting on this information are your own responsibility. $XAU