Jin Dachuan 3.24 Gold Morning Analysis

Although gold prices slightly rebounded in early trading, it is a weak correction after a sharp decline, not a bullish reversal. The rebound was halted near 4510 and then fell back. Heavy trapped sell orders above indicate that the bearish dominance remains unchanged. The rebound is merely a trap to shake out bulls. Today’s Asian session still expects downward movement, with rallies mainly used for shorting.

From a short-term trend perspective, 4450-4500 is the key resistance zone for today. The 15-minute MACD has formed a death cross, and bullish momentum continues to weaken. Even if there is oscillation around 4400 in the short term, it is only a consolidation within a downtrend. After indicator recovery, prices are expected to continue declining, with clear opportunities for a trend-based decline.

Short positions can be taken near 4380-4360 on rallies, with a stop loss above 4400. Target levels are 4260-4180, and a break below 4100 would be significant.

Risk warning: Investment involves risks. Please trade cautiously. The above analysis is for reference only and does not constitute investment advice.