3.27 Golden Analysis in the Morning
Good morning, everyone!
On Thursday, gold opened near 4511, surged to 4545, but during the European session, influenced by rumors of a ceasefire in the Middle East, market risk aversion quickly faded, and funds exited significantly, causing gold prices to plunge, directly breaking below the 4500 mark, reaching a low of 4412. Although it rebounded to 4480 during the US session, the bulls lacked strength to continue, falling again to refresh the low at 4351, showing a typical inverted V reversal, with the previous bullish trend completely ephemeral.
Currently, the situation in the Middle East continues to ease, coupled with a strengthening of US bonds, gold is under significant pressure, and it is highly likely to continue a downward trend. The daily line closed with a large bearish candlestick, consecutively breaking through the two key levels of 4500 and 4400, with short-term moving averages turning downward; the hourly Bollinger Bands opened significantly downward, and gold prices are operating weakly along the lower track, with a lack of short-term rebound momentum, specific operations should be based on real-time layouts. Friends who are facing difficulties in investment are welcome to communicate at any time to help you avoid detours and respond steadily to the market.
Overall, after a short-term rebound, the main trend remains a downward fluctuation. Pay attention to the short-term resistance at 4453 above, with 4540-4550 being important resistance levels, and 4800-4810 as the critical dividing line between bulls and bears; below, focus on the support area at 4300-4310, with operations primarily focused on shorting during rebounds.
Operational Suggestions
1. Short near 4440-4475 during rebounds, with a stop loss below 4490, add to shorts around 4500, with a stop loss at 4545, target 4350-4380, hold if it breaks.
2. If it stabilizes around 4320-4330 without breaking, go long, stop loss at 4295, target 4450-4455, hold if it breaks.
Friendly Reminder: Market conditions change rapidly, please strictly manage risk. The above is for reference only and does not constitute absolute investment advice. #xau