3.26 Goat Afternoon Review:

In the early session, gold fluctuated repeatedly between 4489-4544, first retracing and then rebounding, hitting a daily high before being pressured down, with prices running around the middle track of the Bollinger Bands. The tug-of-war between bulls and bears is intense, maintaining a narrow consolidation trend overall.

The situation in the Middle East remains tense, with safe-haven sentiment fluctuating repeatedly. Additionally, the U.S. Core PCE Price Index is set to be released tonight, leading to a strong wait-and-see sentiment in the market, with both bulls and bears remaining cautious, awaiting data to guide direction.

From a technical perspective, gold prices are currently close to the middle track of the Bollinger Band at 4513, with resistance at 4526 above and support at 4501 below; the Bollinger Bands are continuing to narrow, indicating that a directional choice is imminent in the short term; the moving averages across various timeframes are intertwined, and there is no clear one-sided trend in the short term. Focus on whether gold prices can break through the critical middle track level.

You can set up long positions around 4410-4420, targeting the 4445-4550 area.