Middle Eastern geopolitical conflicts are gradually easing, and ceasefire negotiations are making steady progress. The previously supporting safe-haven sentiment that kept gold prices high has significantly cooled down, leading to a large-scale exit of safe-haven funds. Gold has lost its safe-haven attribute support, and the market has reverted to the logic dominated by economic fundamentals and monetary policy. Coupled with the early morning profit-taking after the opening, this has further accelerated the decline in gold prices.

From a technical perspective on the daily chart, international gold prices sharply broke through the previous short-term consolidation range after the morning open, repeatedly piercing multiple short-term moving average supports. The 5-day and 10-day moving averages formed a clear death cross and continued to diverge downward. The MACD indicator's green bars kept enlarging, indicating strong bearish momentum. The RSI dropped into the oversold zone, and a one-sided downtrend was officially established. The early morning opening directly broke the previous weak oscillation pattern, and gold prices entered a new downward channel.

Trading strategy: When gold rebounds to the 4460-4480 range, go short,
Target levels are 4370, 4350, and 4330, with strict stop-loss placement. #黄金##金价##现货黄金##Forex Gold#Gate正式接入Polymarket