3.23 Jian Xi Midday Review

Gold surged to 4536 in the morning but faced selling pressure and pulled back. The short-term quickly dipped to around 4320 where it stabilized, followed by a small rebound to 4369 which encountered resistance and fell again. Overall, the market shows a shock downtrend pattern of initial decline, then rise, then decline again, with a clear bearish trend. Currently trading around 4310.

Technically, the 4-hour Bollinger Bands are opening downward and diverging. After the price broke below the lower band, the downtrend continued. MACD green columns continue to expand, keeping strong bearish momentum. Although the KDJ indicator has entered the oversold zone with some short-term technical correction demand, the overall trend remains bearish.

For trading, one can open short positions in the 4310—4295 range, with targets toward the 4270—4200 area. #黄金 $XAUT