Yichen: Blood flows like rivers! The safe-haven myth is shattered, and gold experiences its largest decline in this round!

From a news perspective, although recent developments in the Middle East still carry uncertainties, market concerns over escalating conflicts are gradually being absorbed. Safe-haven funds are flowing into dollar assets, directly suppressing bullish sentiment in gold. Meanwhile, Federal Reserve officials are signaling hawkish stances, market expectations for rate cuts have been pushed back again, and US Treasury yields are rising, further increasing the opportunity cost of holding gold.

From a technical standpoint, gold prices have broken below the mid-line and the key support level of $4,400. The MACD histogram continues to expand, indicating strong bearish momentum, and short-term moving averages are arranged in a bearish configuration. If the price effectively breaks below $4,300, it may further test the $4,200 level.

Recommendation:
Enter positions in batches near the $4,380–$4,400 rebound zone, with targets at $4,300, $4,250, and $4,200 if support is broken.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trading risks based on this analysis are solely your responsibility. $XAU