Yi Chen: Bearish pressure! Gold's 5000-point support level is teetering, a sharp decline is imminent!

From a technical perspective, the four-hour gold price remains firmly below the Bollinger Bands' middle line at 5077, trading in the lower-mid bearish zone. The lower band at 4944 has become a critical support level. The MACD indicator's dual lines are still below the zero axis; although there is slight recovery, the bearish dominance remains unchanged, with weak red histogram bars indicating limited momentum, making it difficult for rebounds to break through key resistance levels.

From a fundamental perspective, the conflict in the Middle East has not escalated further, and safe-haven sentiment is rapidly retreating. Meanwhile, Federal Reserve officials are intensively signaling hawkish policies, market expectations for rate cuts are cooling, and the strengthening US dollar index is directly suppressing gold prices.

Suggestions:
Sell in batches near 5030-5050 resistance during rebounds, with targets at 4950 and 4900.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Trading risks are borne by the investors.