Yichen: Gold just surged to 4800 and then plummeted. A single remark from Huang Maoer suggests that the global gold market is about to change?

From a technical perspective, the four-hour Bollinger Bands are opening upward, with prices holding above the middle band to maintain a bullish trend. The KDJ indicator has entered the overbought zone and is turning downward, indicating a short-term technical correction may be needed. Strong resistance is seen in the 4800-4812 range, while the 4720-4617 zone serves as the core support level.

Fundamentally, the Middle East geopolitical situation remains the key driver. Trump’s speech today will clarify the future direction of the Iran conflict. If the conflict escalates, gold’s safe-haven properties will strengthen again, pushing prices to break previous highs.

Suggestions:
Buy in stages around 4710-4730 on a pullback, with targets at 4800 and 4850.

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