Yichen: Geopolitical storms ignite gold! Bulls aim for a new all-time high, with 5200 just the beginning!

On the technical side, the four-hour chart shows a golden cross forming on the MACD indicator, with the DIFF line crossing above the DEA line, green bars turning red, indicating that the bearish momentum has completely weakened, and the bullish energy is strongly recovering; the Bollinger Bands indicator shows that the price has rebounded strongly from near the lower band, breaking through the middle band at 5136.42, opening up further space to test the upper band at 5206.54 resistance level.

Fundamentally, recent developments include ongoing conflicts in Iran, tense situations in the Strait of Hormuz, and rising geopolitical risks continuously boosting market safe-haven sentiment, providing solid safe-haven buying support for gold. Meanwhile, market expectations of a Federal Reserve rate cut remain, and the weakening dollar index further amplifies gold’s relative return advantage. Despite strong U.S. non-farm payroll data, market expectations for prolonged monetary easing remain unchanged, highlighting structural pressures on economic growth and further reinforcing gold’s inflation-hedging properties.

Suggestions:
On Monday, consider buying in batches around 5135-5155, with targets of 5200 and 5250.

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