Yichen: Brief pullback is a good opportunity to board! Global central banks buying gold to support the bottom, gold bull market is far from over!

From a technical perspective, although the price briefly broke below the middle band of the Bollinger Bands, it still operates within the medium-term uptrend channel, with the lower band at 5094.78 USD forming a strong support zone; the MACD death cross is a short-term emotional release, with green columns not yet showing significant volume expansion, indicating limited downside momentum. The 4-hour level pullback has not destroyed the overall bullish structure, which is a bullish move with consolidation and washout.

News and international situation continue to support gold's core logic: Although Middle East geopolitical conflicts have temporarily eased, regional uncertainty remains, and safe-haven demand has not completely receded. Once the situation escalates, it will quickly activate gold buying; meanwhile, US inflation data still shows stickiness, and market expectations for Fed rate cuts within the year have not reversed, with the strong US dollar being only a short-term effect. Additionally, the long-term allocation demand from continuous central bank gold purchases provides solid bottom support for gold prices.

Suggestions:
Buy in batches near 5100-5120, targets at 5200, 5250

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Investors assume risks from acting on this information. $XAU