#外汇黄金[超话]# March 13 Gold Morning Review

The Middle East geopolitical conflict continues to escalate, providing a fundamental safe-haven floor for gold prices, but in the short term it is difficult to drive significant rallies; international oil prices remain elevated, further exacerbating global inflation concerns, with market divergence on monetary policy direction widening. Meanwhile, central banks worldwide maintain enthusiasm for gold purchases, with China's central bank achieving 16 consecutive increases in gold reserves, powerfully locking down the downside space for gold prices, presenting an overall pattern of multi-space hedging oscillation and consolidation.
Currently, gold prices have broken below the key support of 5100, and continue to face pressure below this level. Setting aside geopolitical sentiment impacts, from a purely technical perspective, gold has entered a weekly-level downtrend retracement phase.
Operation Suggestions
On rebounds to the 5130~5150 range, sell in batches. Stop loss 5160, target 5050-5020
Risk Disclaimer: Investment involves risks, enter the market with caution. The above analysis is for reference only and does not constitute investment advice.#黄金##Gold Price#伊朗明确达成停火协议要求