Jin Dachuan 3.17 Gold Morning Review

The morning gold price continues the weak fluctuation overnight. After testing 4967 last night, it rebounded in a V-shape to around 5020 and faced pressure again. In the morning session, it consolidates slightly around the 5000 level. The small-level rebound is only for indicator repair, failing to reverse the downtrend, with short-term weakness continuing.

From the larger trend perspective, the Fed's March rate decision is approaching, rate cut expectations continue to cool, a strong US dollar and US Treasury yields are suppressing gold prices. Institutions are taking profits at high levels, the weekly-level death cross of gold continues, multiple negative factors converge, and the morning session remains bearish today, with rebounds being opportunities to short.

Operationally, short near 5030-5050 on rebounds, with stop loss defense above 5065, targeting 4980-4960, with a breakdown below 4880.

Risk Reminder: Investment carries risk. Enter the market with caution. The above analysis is for reference only and does not constitute investment advice.