2026-03-01 16:09:12

Geopolitical Storm Sparks Safe-Haven Demand, Gold Breaks Through 5280 Resistance

The four-hour gold price remains above the upper Bollinger Band, with moving averages in a bullish alignment. The MACD histogram continues to expand in the red, indicating strong bullish momentum. The short-term upward trend is clear. However, indicators are at high levels, so caution is needed for potential consolidation risks.

Affected by the sharp escalation of the Middle East-Iran conflict and coupled with global trade tensions, spot gold safe-haven buying has surged. On the geopolitical front, U.S. airstrikes on Iran have triggered full-scale confrontation, Iran has closed the Strait of Hormuz, and regional conflict spillover risks have soared. Capital is flooding into gold as a safe haven. Meanwhile, U.S. tariffs have increased global economic uncertainty, and expectations of Fed rate cuts are rising, further supporting gold prices.

Recommendations:
On Monday, consider buying in batches around 5245-5265, with targets at 5300 and 5350$XAU

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