Yichen: Logistics Disruptions and Inflation Expectations Resonance, Bullish Momentum Building

Recently, the Dubai air freight suspension froze 20% of global gold flow, and the short-term interruption of the physical supply chain directly pushed up regional premiums, providing a solid underlying support for gold prices.

From a technical perspective, on the four-hour chart, the MACD green bars continue to shrink, indicating weakening bearish momentum. The price stabilizes above the lower Bollinger Band at $5016.32, and the rebound momentum is gradually accumulating. Although short-term resistance is at the midline of $5208.07, the moving average system remains in a bullish alignment, and the medium-term upward trend remains intact.

On the macro level, ongoing Middle East geopolitical tensions continue to drive up energy prices, reigniting inflation expectations, while the bearish impact of the delayed Fed rate cut expectations has been largely absorbed. As market demand for safe-haven assets increases, combined with supply contraction caused by logistics disruptions, gold prices are expected to break through the midline resistance and challenge the $5200-$5250 range.

Recommendations:
In the evening, consider buying in batches around 5120-5140, with targets at 5200, 5240, and 5300.

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