3.36 Jianxi Evening Review

Today's gold price fluctuated widely, exhibiting a complete washout rhythm with ups and downs. The morning surge encountered strong resistance and quickly retreated, the afternoon dipped to the intraday low, key support stabilized and rebounded, and the market closed higher, clearly showing a short-term weak trend being repaired.

The news front is mixed, with gold prices maintaining a range-bound game. The ongoing geopolitical tension in the Middle East provides solid bottom support for gold prices through safe-haven buying; positive U.S. economic data has cooled market interest rate cut expectations, and the dollar and U.S. Treasury yields have slightly risen, but the upward momentum is weak, failing to continuously suppress gold prices, with limited downward space and a rising willingness for funds to position at lower levels.

On the technical front, signals of bottom stabilization have strengthened, with prices halting their decline near the lower track, the Bollinger Bands' lower track flattening, and the downward momentum slowing; the MACD green bars continue to shrink, with the fast and slow lines about to form a golden cross, and the RSI is recovering upward from the oversold area, with rebound momentum gradually accumulating. Although the short-term moving averages show a bearish arrangement, solid support below reveals opportunities to go long at lower levels.

Operational Reference

Buy in batches in the 4420-4430 range, targeting around 4455-4520. $XAU #美国加密法案再次遇阻