Yichen: Brief Pullback is a Great Entry Opportunity! Global Central Banks Buying Gold as Support, Gold Bull Market Far From Over!

From a technical perspective, although the price briefly broke below the Bollinger Band midline, it remains within the medium-term uptrend channel, with the lower band at 5094.78 USD forming strong support; the MACD death cross represents short-term sentiment release, with green columns not yet showing significant volume expansion, indicating limited bearish momentum. The 4-hour pullback has not damaged the overall bullish structure, representing accumulation and washout during an uptrend.

News and international situations 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 subsided. Once the situation escalates, it will quickly activate gold buying; meanwhile, U.S. inflation data still shows stickiness, and market expectations for Fed rate cuts within the year have not reversed, with dollar strength providing only a short-term suppressive effect. Additionally, continued gold purchases by global central banks' long-term allocation needs provide solid bottom support for gold prices.

Suggestion:
Scale in on pullbacks near 5100-5120, target 5200, 5250

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operation based on this is at your own risk. $XAU