Yichen: Solid foundation! The gold bulls are sounding the general attack horn, targeting 5000!

From a technical perspective, the price has stabilized above the midline of 4472.78, with the KDJ indicator remaining in a neutral to bullish zone. The short-term downside risk has eased, but it has not yet broken through the key resistance levels at the intraday high of 4580.64 and the upper band at 4574.79. The battle between bulls and bears remains intense.

On the news front, recent safe-haven support from the Iran conflict and the Strait of Hormuz situation has been gradually digested by the market. The "verbal positive" comments from the yellow-haired guy have limited impact on the market trend, and the gold safe-haven premium has narrowed. Meanwhile, the Fed's rate cut expectations still involve uncertainty, with the dollar and U.S. Treasury yields influencing gold prices. Macro data and central bank statements will be key variables moving forward.

Recommendations:
Buy on dips around 4460-4480 in batches, aggressive traders can buy near 4500, with targets at 4550, 4600, and a break above to 4700.

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