Yi Chen: The Last Celebration of the Bulls! Under 5030 Strong Pressure, Gold Price Will Trigger a Cliff-Like Decline!

The 4-hour level is still under pressure below the Bollinger Band midline at 5034. The technical picture shows clear bearish signals, with MACD briefly turning positive but showing weak momentum. Overall, the price remains in a downtrend channel. The previous high of 5419 forms strong resistance, and the low-level consolidation recovery looks more like a pullback in the downtrend, with limited rebound potential.

From an international perspective, although Middle East geopolitical conflicts still pose some disruption, market risk-aversion sentiment is gradually digesting the tensions. Concerns about Strait of Hormuz shipping have not escalated further, making it difficult for gold prices to sustain upward momentum in the short term. Meanwhile, U.S. economic data continues to show resilience, and market expectations for Fed rate cuts in March have cooled again. The dollar index has stabilized at elevated levels, continuing to pressure precious metal valuations. Additionally, bullish gold positions are at elevated levels, and once sentiment turns, profit-taking orders will accelerate price declines.

Suggestions:
Sell in batches near the 5025-5045 rebound zone, targets at 4960, 4900

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