3.27 Afternoon Gold Market Analysis
International spot gold oscillated around 4470 in the afternoon, rebounding 1.49% from an oversold condition.
The US dollar index fell to 103.7, weakening and providing direct support for gold prices.
US Treasury yields also fell, further benefiting gold bulls' recovery.
The four-hour level completed an oversold rebound repair, while the daily level remains weak, overall entering a fluctuating bullish pattern with the rebound trend continuing.
Operation Suggestions
After stabilizing in the 4430-4440 range, gradually enter long positions, with the first target at 4480-4490✓, hold above 4500✓ if broken.