Yichen: The 5000 level breached! Gold bulls in retreat, can geopolitical powder keg save the downtrend?
On the four-hour timeframe, price has broken below the lower Bollinger Band support, MACD green histogram continues to expand, DIF and DEA form a death cross, technical bearish signals are clear, and the short-term weak pattern is difficult to reverse.
From a geopolitical perspective, although conflicts remain uncertain, market concerns about escalation have temporarily eased, combined with the US dollar index strengthening in phases, which has suppressed gold's safe-haven buying. Fund flow monitoring shows that bearish forces dominate, with long profit-taking orders emerging.
Suggestions: Stage entries on bounces around 5035-5055, targets at 4950, 4900
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk. $XAU
Yichen: The 5000 level breached! Gold bulls in retreat, can geopolitical powder keg save the downtrend?
On the four-hour timeframe, price has broken below the lower Bollinger Band support, MACD green histogram continues to expand, DIF and DEA form a death cross, technical bearish signals are clear, and the short-term weak pattern is difficult to reverse.
From a geopolitical perspective, although conflicts remain uncertain, market concerns about escalation have temporarily eased, combined with the US dollar index strengthening in phases, which has suppressed gold's safe-haven buying. Fund flow monitoring shows that bearish forces dominate, with long profit-taking orders emerging.
Suggestions:
Stage entries on bounces around 5035-5055, targets at 4950, 4900
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk. $XAU