Yichen: Gold experiences a violent short-term rebound, tonight's CPI will determine its fate!

From a technical perspective, on the four-hour chart, the price stabilizes above the middle band of the Bollinger Bands (5136.32), pushing towards the upper band (5231.96). The MACD indicator shows a bullish crossover with increasing volume, and the red histogram continues to expand, confirming a short-term bullish trend; the previous low of 4982.39 provides effective support, and the rebound trend is clear. If it breaks through the intraday high of 5238.59, the upward space will further open.

Fundamentally, with the ongoing conflict in Iran intensifying and the shipping risks in the Strait of Hormuz rising, global risk aversion sentiment is heating up, fully reflecting gold's safe-haven attributes; at the same time, the market generally expects the Federal Reserve to start a rate cut cycle mid-year, with the actual interest rate decline expectations continuing to benefit precious metals. The upcoming US February CPI data will be a key variable. If the data is below expectations, it will reinforce rate cut bets and further push up gold prices; if the data exceeds expectations, it may trigger a short-term correction.

Suggestions:
Buy on dips around 5165-5185 in batches, target 5250, 5280

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