2026-03-16 02:15:13

Yi Chen: The 5000 barrier has been broken! Gold bulls are fleeing in panic, can even geopolitical tinderboxes halt the downtrend?

On the four-hour chart, the price has fallen below the lower Bollinger Band support, the MACD green histogram continues to expand, and DIF and DEA form a death cross, indicating clear bearish signals. The short-term weakness pattern is difficult to change.

From a geopolitical perspective, although conflicts still carry uncertainties, market concerns about escalation have temporarily eased. Coupled with the phase-wise strengthening of the US dollar index, this has suppressed gold's safe-haven buying. Fund flow monitoring shows that bearish forces are dominant, with profit-taking by longs flooding out.

Recommendations:
On rebounds near 5035-5055, enter shorts in batches, targeting 4950 and 4900.

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

XAU-0,06%

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