March 27 Market Analysis: Bullish Defense Line in Crisis, Morning Strategy Precisely Laid Out
News
Global risk assets collectively plummeted, with the three major U.S. stock indices experiencing significant declines. Market risk aversion briefly shifted to the dollar, directly suppressing the upward space for gold. At the same time, the repeated game of market expectations for Federal Reserve interest rate cuts has intensified fluctuations in precious metal prices. Coupled with technical pressure at high levels, multiple factors resonated, leading to a rapid pullback in gold, with short-term funds showing strong profit-taking sentiment.
Technical Analysis
From the 1-hour chart, gold broke below the key support level yesterday, and the current price is running near the lower band of the Bollinger Bands. Short-term moving averages are in a bearish arrangement, and the bearish trend is clear. The KDJ indicator is at a low level, showing signs of being oversold, and there may be a slight rebound for short-term repair, but the overall trend remains bearish.
Operational Strategy
A rebound to the 4400-4420 range can be entered in batches, with a target of 4380-4350#黄金