Recently, the Middle East situation has remained tense, coupled with uncertainties surrounding the Federal Reserve's policy outlook. This dual safe-haven demand has driven up precious metal prices. Rising risks in the oil supply chain have sparked market concerns, and geopolitical premiums are quickly transmitting to the precious metals sector. Spot gold temporarily surged to a new high of 4620, with an intraday increase of 2.4%.
Central bank gold purchases and changes in confidence in the monetary system are strengthening the appeal of gold as a reserve asset. This is not only a short-term safe haven but also reflects medium- to long-term adjustments in global asset allocation expectations for precious metals.
Technical Outlook Confirms a Strong Trend
The 4550 level has played a key role in the top-bottom reversal, successfully supporting the bulls and enabling a one-sided upward trend in gold prices. Yesterday’s US session broke through 4600, firmly establishing a strong momentum. Long positions built around 4580 have already realized profits smoothly.
On the 30-minute chart, the moving average system remains in a bullish golden cross arrangement. After completing an ascending triangle consolidation, the price broke out with increased volume—this is a standard strong breakout signal. 4600 has now become a new support level, and the upward momentum may continue along this level.
Trading Strategy and Target Levels
In the short term, consider going long around 4580, with 4572 as a re-entry point. The immediate target range is 4650-4700, with a medium-term goal tracking the psychological level of 5000. Geopolitical risks and policy uncertainties remain core factors influencing subsequent volatility, so it is important to stay attentive to these variables.
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AirdropHunterWang
· 4h ago
Gold reaching 4620 is not a dream; 5000 is just around the corner.
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FalseProfitProphet
· 4h ago
Excited when gold breaks 4600, but still waiting for 5000? I think we should first see how the Federal Reserve acts.
Gold hits a new high, is the geopolitical game really endless?
The central bank's frantic gold purchases—what does that indicate? Confidence issues.
Once it stabilizes at 4600, the next target is 5000. The mid-term logic is sound.
We still need to watch the Federal Reserve's play, risk sentiment can change at any moment.
This wave of precious metal safe-haven demand, feels like it's just beginning, doesn't it?
Short-term long positions have already been taken; entering now requires caution.
As geopolitical tensions heat up, is this the spring for gold? Or the night before a storm?
5000 seems far away, but this trend is indeed strong.
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PancakeFlippa
· 4h ago
Gold hits a new high, and geopolitical cards are coming again
Once we stabilize at 4600, we'll keep going; 5000 is not a dream, everyone
Once the Middle East situation heats up, safe-haven assets will come in, central banks are stockpiling gold, how can we fall behind
This wave of long positions is solid, just see how the Fed folks will mess around
#策略性加码BTC Geopolitical Tensions Intensify Risk Sentiment
Recently, the Middle East situation has remained tense, coupled with uncertainties surrounding the Federal Reserve's policy outlook. This dual safe-haven demand has driven up precious metal prices. Rising risks in the oil supply chain have sparked market concerns, and geopolitical premiums are quickly transmitting to the precious metals sector. Spot gold temporarily surged to a new high of 4620, with an intraday increase of 2.4%.
Central bank gold purchases and changes in confidence in the monetary system are strengthening the appeal of gold as a reserve asset. This is not only a short-term safe haven but also reflects medium- to long-term adjustments in global asset allocation expectations for precious metals.
Technical Outlook Confirms a Strong Trend
The 4550 level has played a key role in the top-bottom reversal, successfully supporting the bulls and enabling a one-sided upward trend in gold prices. Yesterday’s US session broke through 4600, firmly establishing a strong momentum. Long positions built around 4580 have already realized profits smoothly.
On the 30-minute chart, the moving average system remains in a bullish golden cross arrangement. After completing an ascending triangle consolidation, the price broke out with increased volume—this is a standard strong breakout signal. 4600 has now become a new support level, and the upward momentum may continue along this level.
Trading Strategy and Target Levels
In the short term, consider going long around 4580, with 4572 as a re-entry point. The immediate target range is 4650-4700, with a medium-term goal tracking the psychological level of 5000. Geopolitical risks and policy uncertainties remain core factors influencing subsequent volatility, so it is important to stay attentive to these variables.