3.17 Jianxi Evening Analysis

Today's daytime gold market showed an overall pattern of rising first then declining, with fluctuating pullback: prices gradually climbed from low levels in early trading, surging to around 5044 under pressure, then declined with oscillations in the afternoon, with prices now probing near the lower Bollinger Band, showing obvious short-term weakness.

The current Middle East geopolitical situation still carries uncertainty, combined with market's repeated games over Federal Reserve rate cut expectations, gold's long-short divergence continues to intensify. Intraday US dollar index strengthened slightly, coupled with market profit-taking, jointly suppressing gold prices and pushing prices down from highs.

From a technical perspective: The 10-minute BOLL indicator shows prices breaking below the middle band and approaching the lower band, with short-term bearish momentum continuing to release; MACD death cross pointing downward, green columns gradually expanding, short-term weakness still persisting. If the lower band support holds effectively, the market may welcome a small rebound; if broken effectively, then further watch support near 4994 below.

Evening positioning strategy:
Buy in batches on pullback to 4990—4980 nearby
Target 5020—5080 nearby #黄金 $XAUT