Yi Chen: Blood Flows Like Rivers! Safe-Haven Myth Shatters, Gold Posts Largest Decline This Round!
From a news perspective, while the Middle East situation still carries uncertainties, the market has gradually digested concerns about escalating conflicts, with safe-haven funds flowing toward dollar assets, directly suppressing gold bullish sentiment. Meanwhile, Federal Reserve officials have released hawkish signals, pushing back market expectations for rate cuts further, with Treasury yields rising higher, further increasing the opportunity cost of holding gold.
On the technical side, gold price has broken through the middle band and key support level of $4,400, with MACD green columns continuing to expand, bearish momentum remaining strong, and short-term moving averages showing a bearish alignment. If $4,300 is effectively broken, the price may further test the $4,200 level.
Suggestions: Scale into positions near the $4,380-4,400 rebound zone, with targets at $4,300, $4,250, and $4,200 on breakdown.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trade at your own risk. $XAU
Yi Chen: Blood Flows Like Rivers! Safe-Haven Myth Shatters, Gold Posts Largest Decline This Round!
From a news perspective, while the Middle East situation still carries uncertainties, the market has gradually digested concerns about escalating conflicts, with safe-haven funds flowing toward dollar assets, directly suppressing gold bullish sentiment. Meanwhile, Federal Reserve officials have released hawkish signals, pushing back market expectations for rate cuts further, with Treasury yields rising higher, further increasing the opportunity cost of holding gold.
On the technical side, gold price has broken through the middle band and key support level of $4,400, with MACD green columns continuing to expand, bearish momentum remaining strong, and short-term moving averages showing a bearish alignment. If $4,300 is effectively broken, the price may further test the $4,200 level.
Suggestions:
Scale into positions near the $4,380-4,400 rebound zone, with targets at $4,300, $4,250, and $4,200 on breakdown.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trade at your own risk. $XAU