Jin Dachuan 3.17 Gold Morning Review

Gold prices continued their overnight weakness with volatile trading. After testing a low of 4967 last night, they rebounded in a V-shape to around 5020 before facing selling pressure again. The morning session showed minor consolidation around the 5000 level. The small-scale rebound was merely technical indicator recovery and failed to reverse the downtrend. Short-term momentum remains weak.

From a macro perspective, the Fed's March interest rate decision is imminent, and rate-cut expectations continue to cool. The strength of the US dollar and Treasury yields is suppressing gold prices. Institutions are taking profits at higher levels, and the weekly death cross in gold continues. Multiple headwinds are converging, so the early morning outlook remains bearish, with rallies presenting shorting opportunities.

Operationally: Short on rallies around 5030-5050, with stop loss defense above 5065. Target levels: 4980-4960, and watch for a break below 4880.

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