3.16 Tairan Huijin Daily Commentary:

Last week gold price action was highly volatile, and the strategy provided by Tairan can be described as precise. From 5089 down to 4960, we successfully captured 130 pips of movement.

From the current market perspective, the battle between bulls and bears is intensifying. Price showed strong rebound first, then declined from higher levels, followed by probe lows and stabilization. Overall movement is notably volatile. Inflation data remains robust, rate cut expectations continue to decline, US Treasury yields maintain elevated levels, and coupled with Middle East geopolitical tensions, market sentiment remains choppy.

The Federal Reserve's March 19th interest rate decision meeting is forthcoming, with markets expecting rates to remain unchanged and rate cut expectations continuing to cool. A stronger US dollar and Treasury yields are persisting in suppressing gold prices; following last Friday's NFP data release, fund sentiment has turned cautious with bulls taking profits and awaiting sidelines.

Currently, gold is in an overall consolidation and shock phase, with key resistance at the 5110—5130 zone; support below first looks at the 4940—4960 range.

Suggestion: Enter short at current price of 5010, conservatively await shorting near 5030, targeting 4940-4900-4850.