Yichen: The Last Carnival of Bulls! With Gold Prices Bottoming Out at 5030, a Cliff-like Decline is About to Begin!

The four-hour level remains pressured below the Bollinger Band midline at 5034, with clear bearish technical signals. Although MACD briefly turned positive, momentum is weak, and the overall trend remains downward. The previous high of 5419 creates strong resistance, while low-level oscillation looks more like a decline continuation pattern, limiting rebound potential.

From an international perspective, despite ongoing Middle East geopolitical tensions, market risk-off sentiment has gradually been digested. Concerns about Strait of Hormuz shipping have not further escalated, making it difficult for gold prices to sustain upward momentum in the short term. Meanwhile, US economic data continues to show resilience, market expectations for a Fed rate cut in March have cooled again, and the dollar index remains firm at elevated levels, continuing to suppress precious metals valuations. Additionally, gold long positions are at elevated levels, and once sentiment shifts, profit-taking will accelerate price declines.

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

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