Geopolitical tensions and rate cut expectations resonate, and gold prices have room to rise

Recently, the international situation has remained tense, with escalating risks of Middle East conflicts and rising global risk aversion sentiment, leading to a continuous reassessment of gold's core value as a safe-haven asset. Coupled with market strong expectations of the Federal Reserve cutting interest rates within the year, the downward expectation for real interest rates continues to ferment, providing a solid upward driving force for gold prices.

The four-hour chart shows prices operating above the midline, maintaining a generally strong bullish structure. However, the strong support at the midline below limits the scope for a pullback. As bullish momentum continues to accumulate, prices are expected to break through the 5205-5224 resistance zone, challenge previous highs, and open further upside potential.

Recommendations:
Intraday, consider buying in batches around 5155-5165 with targets of 5250 and 5280