Yi Chen: The signal is clear! The rebound in gold is a fleeting moment; breaking below 4800 is only a matter of time!

From a news perspective, although the conflict between Iran and Israel in the Middle East continues to disturb the market, the market has gradually digested the pricing of geopolitical risks, and risk aversion sentiment is waning marginally. More importantly, persistently high oil prices continue to boost inflation expectations, with the market betting that the Federal Reserve will delay its rate-cutting cycle. The U.S. dollar index and real interest rates are strengthening, exerting continuous pressure on non-yielding assets like gold. Meanwhile, manufacturing data from major global economies has shown slight improvement, risk asset preferences have increased, and gold funds are further diverted.

From a technical standpoint, the four-hour chart shows that gold prices are still trading near the lower Bollinger Band, with the MACD green bars not significantly contracting, indicating that bearish momentum has not yet fully released. The 4850-4860 zone acts as a strong resistance, limiting the rebound height.

Recommendations:
Gradually sell near 4885-4905 on the rebound, with targets at 4800 and 4750.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trading based on this information involves risks, which are to be borne by the investor.