Golden Monday: Watch More, Do Less, Wait for Directional Breakthrough
News Flow Fed Policy Headwind: The Fed decision + dot plot arrives this Thursday (March 19), with market pricing showing 99%+ probability of rates held in March, first rate cut delayed to June. USD Index stands firm at 99, 10-year US Treasury yield rises above 4.25%, suppressing gold holding costs, with obvious short-term long liquidation. Middle East situation has not escalated yet, oil prices elevated but haven't triggered new risk-off; this week focuses on US CPI and retail sales data, stronger data will further reinforce hawkish expectations.
Technical Analysis Daily chart showing consecutive declines, short-term bias toward weakness but buy interest dense around 5000 level, RSI approaching oversold territory, large unilateral decline unlikely.
Support: 5000/4980 Resistance: 5050/5080/5100 Structure: Trading in 5000-5100 consolidation zone, directional breakout only opens new direction
Risk Alert: Fed hawkish surprise and USD strength suppress gold prices; geopolitical escalation or inflation weakness will trigger rapid rebounds.
Golden Monday: Watch More, Do Less, Wait for Directional Breakthrough
News Flow
Fed Policy Headwind: The Fed decision + dot plot arrives this Thursday (March 19), with market pricing showing 99%+ probability of rates held in March, first rate cut delayed to June. USD Index stands firm at 99, 10-year US Treasury yield rises above 4.25%, suppressing gold holding costs, with obvious short-term long liquidation. Middle East situation has not escalated yet, oil prices elevated but haven't triggered new risk-off; this week focuses on US CPI and retail sales data, stronger data will further reinforce hawkish expectations.
Technical Analysis
Daily chart showing consecutive declines, short-term bias toward weakness but buy interest dense around 5000 level, RSI approaching oversold territory, large unilateral decline unlikely.
Support: 5000/4980
Resistance: 5050/5080/5100
Structure: Trading in 5000-5100 consolidation zone, directional breakout only opens new direction
Risk Alert: Fed hawkish surprise and USD strength suppress gold prices; geopolitical escalation or inflation weakness will trigger rapid rebounds.