Geopolitical tensions ignite rally, gold bulls embark on a new journey

The four-hour Bollinger Bands are opening upward, with gold prices strongly supported by the upper band. The moving averages are arranged in a perfect bullish alignment, solidifying the bullish trend. Although the MACD red histogram has temporarily decreased, the 9% long position ratio of large funds highlights the market's firm bullish sentiment. Short-term fluctuations are merely a buildup.
Current risk aversion and monetary easing expectations create a double resonance, fully validating the upward logic of gold. In terms of trading, confidently follow the trend to go long; dips are good opportunities. The 5324 level below provides strong intraday support. Once stabilized, gold prices will target the 5420 barrier, and a breakout could open a new upward space.
Suggestions:
Intraday, consider scaling into long positions around 5315-5330, with targets at 5380, 5430, 5480.