Geopolitical Storm Sweeps the Market, Gold Safe-Haven Surges to New Highs

The four-hour gold price strongly broke through the upper band of the Bollinger Bands, with the moving average system showing a bullish arrangement, indicating a very strong upward trend. The MACD indicator's double lines are diverging at high levels, with ample red histogram momentum, confirming the dominance of the bulls.

Fundamentally, the Middle East conflict has reignited, with the risk of regional full-scale conflict increasing significantly. Coupled with the ongoing expectations of Fed rate cuts, U.S. Treasury yields are declining, providing double positive support for gold prices. In the short term, geopolitical risk is the core driver; as long as the conflict does not cool down, gold prices are more likely to rise than fall. Support levels are focused around the 5300 mark, with resistance above looking toward $5400.

Recommendations:
Intraday, consider buying in batches around 5315-5325, with targets at 5380, 5430, 5480$XAU