Yesterday, the gold price fluctuated downwards, after probing down to 4351 during the day, it stabilized and rebounded. The lower support of the Bollinger Bands was effective, and it rose back to around the 4400 mark at the end of the trading session, with intense long and short competition.

News: The geopolitical situation in the Middle East continues to disturb, with risk aversion sentiments fluctuating; the U.S. core PCE price index is set to be released tonight, and the market's expectations for a Federal Reserve rate cut are increasingly divided, intensifying the interplay of long and short positions and increasing gold price volatility.

Technical Analysis: The gold price is operating near the middle track of the Bollinger Bands, with short-term support at 4389 and short-term resistance at 4412. A low-level rebound has driven the short-term moving averages to turn upward, and the MACD has shown a golden cross signal, with bullish momentum gradually repairing, but overall still in a downward channel, requiring caution against the risk of a pullback after a rise.

A pullback to the 4380-4400 range can be used to layout long positions.

​ If the pullback is significant, one can enter long positions in the 4350-4370 range.

​ If the market rises directly, one can follow up with long positions near 4410.

​ The target looks towards above 4450 and 4480, strictly manage risk #黄金 .