Why can gold continue to be bullish?

CN
10 hours ago

Gold (GOLD/USDC) perpetual contracts on Hyperliquid are welcoming a classic opportunity for a technical correction and fundamental resonance. The current price is fluctuating around $5180 (based on recent platform data, the spot gold price is about $5178-$5200), after a correction from a high of about $5500+, the Fibonacci retracement clearly indicates that the 0.236 level (around the $5000-$5100 area) has become strong support. After multiple tests at this level, the price has stabilized, buying strength has significantly increased, and trading volume has expanded, indicating that bullish forces are regrouping.

Fundamentals: Why Is Gold Still Bullish?

Since the beginning of 2026, the global macro environment continues to support gold as a top-tier safe-haven asset:

  • Geopolitical uncertainty persists, and geopolitical risk events frequently occur, driving inflows of safe-haven funds.
  • The Federal Reserve's policy path is unclear, inflation expectations remain stubborn, and there's substantial room for real interest rates to decline, which is favorable for non-yielding assets like gold.
  • Central banks continue to purchase gold (expected to remain at high levels in 2026), coupled with ETF fund inflows showing strong structural demand.
  • The dollar index is weakening in stages, further amplifying gold's upward momentum.

These factors collectively build a foundation for a medium to long-term bull market in gold. Even if there are short-term corrections, they are merely healthy adjustments to gain momentum for the next upward wave.

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K-Line Technical Formation: 0.236 Stabilization + Bullish Signals Emerge

Observing the Hyperliquid GOLD/USDC 30-minute/1-hour charts:

  • From the recent high point of $5254 to a low point of about $4655, the Fibonacci retracement line is clear: the 0.236 level (around $5008-$5090) has become a key pivot support, with the price rebounding and establishing a base at this level, having tested lower multiple times without breaking.
  • In terms of K-line patterns, a clear "W bottom" or "double bottom" has formed, accompanied by hammer lines/engulfing patterns, indicating that bears are unable to press down further.
  • Moving averages: The short-term MA5/MA10 has crossed bullishly, with prices above MA20/MA50, creating an overall bullish arrangement.
  • MACD: DIFF has crossed above DEA, forming a golden cross, with the histogram shifting from negative to positive, showing clear momentum recovery.
  • RSI: Has risen from oversold territory above 50, shedding weakness and entering a bullish comfortable zone.
  • Trading volume: During the stabilization and rebound, volume has increased, indicating real buying activity rather than a bear's trap.

In summary, this correction has ended, and technical signals confirm the establishment of a bullish counterattack. The short-term target is towards the previous high of $5250-$5300, with the mid-term potentially challenging $5600+ historical highs.

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How to Place Orders? AiCoin One-Click Authorization for Hyperliquid, Super Convenient

Want to seize this opportunity of gold stabilization and rebound? The easiest way is to operate directly on the AiCoin platform:

  • AiCoin has deeply integrated Hyperliquid, supporting one-click authorization connection, without the need to create an additional wallet or complex settings.
  • You can browse all asset contracts on Hyperliquid (including GOLD/USDC perpetual) within AiCoin, with real-time K-lines, indicators, and depth charts all available.
  • Placing orders is quick: choose leverage (like 5x/10x/20x), market/limit, long/short, and execute with one click, with extremely low slippage and rapid transactions.
  • Real-time monitoring of positions, liquidation prices, unrealized gains and losses, and alert functions help you keep track of your positions.

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If you do not have a Hyperliquid account yet:

  • When registering or authorizing through AiCoin, use the invitation code AICOIN88 to bind and enjoy exclusive benefits (4% discount on fees, additional rewards, etc.).
  • The steps are super simple: Open AiCoin → Search for Hyperliquid or gold contract → Authorize connection → Enter invitation code AICOIN88 → Start trading!

This wave of gold correction and rebound may be the clearest low-risk bullish opportunity in the first half of 2026. Don't let the opportunity slip away—go to AiCoin now, authorize Hyperliquid, and bind with AICOIN88 to easily position yourself!

https://app.hyperliquid.xyz/join/AICOIN88

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