Yichen: Pullback and Accumulation, Bullish Momentum Still Intact

The four-hour gold price has stabilized and rebounded after touching a key support level, currently in the recovery phase above the lower band of the Bollinger Bands. Although the MACD indicator remains in a bearish zone, the green bars have significantly shortened, indicating a clear weakening of the short-selling momentum and sufficient short-term rebound potential.

On the geopolitical front, while there are signs of easing in the Middle East situation, localized conflicts still carry uncertainties, and the safe-haven demand continues to support gold's safe-haven attributes. Meanwhile, the market is focused on the upcoming U.S. February ADP employment data. If the data falls short of expectations, it will further reinforce the Fed's rate cut expectations, providing strong upward momentum for gold prices. Additionally, the long-term trend of global central banks continuing to buy gold remains unchanged, offering solid fundamental support for gold prices.

Suggestions:
Within the day, consider buying in batches around 5110-5130, with targets at 5180, 5230, 5260$XAU