Enze: Conflict escalation + inflation support! Gold opens high soon, targeting a new all-time high!

A large-scale conflict erupted in the Middle East on Saturday, risk aversion sentiment surged, oil prices rose, intensifying inflation expectations. Gold benefits from both safe-haven and anti-inflation factors. The current geopolitical situation remains tense, with escalating confrontation between Iran and the US, and geopolitical premiums continue to support gold prices, becoming the core driver for next week's momentum.

From a technical perspective, gold broke through the 5200 resistance, turning it into strong support. The daily chart shows a bullish arrangement, and on the 4-hour chart, prices are strongly running along the upper Bollinger Band. The price closed firmly above 5280, with limited room for a pullback. Next week, a gap up to challenge 5300-5350 is expected, with a breakout targeting a new high above 5400, maintaining a pullback strategy.

On the 4-hour chart, resistance is seen at 5370-5380, with support levels at 5220-5230 and 5190-5200. Real-time levels will be followed closely.

Gold:
Pull back to the 5220-5230 zone for a buy, retreat to the 5190-5200 zone to add positions, with a stop loss at 5185. Target is 5350-5370; if broken, continue holding.

Tips:

The above analysis is Enze's personal view. Markets are ever-changing; all decisions should be based on Enze's real-time data!