Yi Chen: Brief pullbacks are great entry opportunities! Global central banks buying gold to provide a floor, the golden bull market is far from over!

From a technical perspective, although the price briefly broke below the middle band of the Bollinger Bands, it remains within the medium-term uptrend channel, with the lower band at $5,094.78 forming strong support; the MACD death cross represents short-term sentiment release, and the green histogram has not yet expanded significantly, indicating limited bearish momentum. The 4-hour pullback has not damaged the overall bullish structure, which is typical accumulation and washout during an uptrend.

News and international situations continue to support gold's core fundamentals: Although Middle East geopolitical tensions have temporarily eased, regional uncertainties remain, and safe-haven demand has not completely dissipated. Once the situation escalates, it will quickly activate gold buying; meanwhile, U.S. inflation data remains sticky, and market expectations for Fed rate cuts this year have not reversed, with dollar strength providing only a short-term suppressive effect. Additionally, sustained central bank gold purchases globally provide solid floor support for gold prices.

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

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