March 27th Big Yellow Midnight Analysis: Gold Violently Rises Above 4540, Where Will the Midnight Market Go?

During the day, gold first fell and then rose, after a pullback in the afternoon, it continued to rise. In the evening, it strongly broke through key resistance, directly standing above 4540, with a daily increase of over a hundred points. The bullish momentum was completely released, leading to a very strong one-sided market.

News

In the evening, the three major U.S. stock indices collectively weakened, and market risk aversion sentiment sharply increased, coupled with the fermentation of geopolitical uncertainties, with a large influx of funds into gold for safe-haven, directly driving the violent rise in gold prices. At the same time, the weakening of the U.S. dollar index also provided support for gold's rise, and under the resonance of multiple favorable factors, bullish sentiment was completely ignited.

Technical Analysis

From the 1-hour chart, gold strongly broke through the upper Bollinger band, with prices stabilizing above the moving average. The bullish trend is clear, and the KDJ indicator has entered the overbought zone, indicating that short-term bullish momentum is strong, but there is also a slight demand for a pullback. The ATR indicator has expanded, suggesting increased market volatility, and there is still a possibility of continued upward movement.

Trading Strategy

Enter near 4510-4530 on a pullback, targeting 4550-4580#黄金