Yichen: Brief pullback is a good opportunity to board! Global central banks support gold, bull market for gold is far from over!

From a technical perspective, although price briefly broke below the Bollinger Band midline, it still operates within the medium-term uptrend channel, with the lower band at 5094.78 USD forming strong support; MACD death cross represents short-term sentiment release, green columns have not yet expanded significantly, bearish momentum is limited. The 4-hour pullback has not destroyed the overall bullish structure, which is a consolidation and shakeout during the uptrend.

News and international situation continue to support gold's core logic: although Middle East geopolitical conflicts have temporarily eased, regional uncertainty remains, risk-off demand has not completely faded, and any escalation will quickly activate gold buying; meanwhile, US inflation data still shows stickiness, market expectations for Fed rate cuts within the year have not reversed, and USD strength suppression is only a short-term effect. Additionally, continuous gold purchases by global central banks provide solid bottom support for gold prices through long-term allocation demand.

Suggestions:
Build long positions in batches near 5100-5120, targets at 5200, 5250

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