Geopolitical and Expectation Resonance, Bullish Pattern Remains Steady

Recently, the international situation has remained tense, with conflicts in the Middle East and power struggles among major countries intensifying. The ongoing risk aversion sentiment continues to provide strong support for gold. The upcoming US January PPI data is expected to underperform, which will further reinforce the Fed's rate cut expectations and serve as a key catalyst for a breakout in gold prices.

The four-hour gold price remains firmly above the midline of 5175, with strong short-term support. Although the MACD green histogram shows a slight decline, this is more of a technical correction during the upward trend and does not change the overall bullish trend.

Recommendation:
Intraday, consider buying in batches around 5145-5165, with targets of 5250 and 5280$XAU