Today's decline in gold is historically rare, but the daily chart has not broken below the support zone shown in the chart, so I maintain my viewpoint unchanged.
The decline from 5417 will end soon or may have already ended. If it strengthens subsequently, we could even assume the decline starting from 5599 has ended. Based on this, gold has two possible trends shown in the chart:
Blue: After the daily chart does not break below the support zone shown and ends the decline, it will run a rebound against the decline from 5417. If there is no strong bullish momentum subsequently, it may continue to decline after the rebound ends, at which point it will break below the support zone and continue searching for a bottom.
Red: The daily chart does not break below the support zone shown and completes all the decline starting from 5599. What follows is a new uptrend. Under this scenario, gold will continue its previous uptrend and reach new highs, with 6400 being a possible key target.
The path of trading has never been smooth sailing. Today's decline has stopped out my gold futures long positions. For accumulated gold and physical gold, I choose to continue holding and add to positions when opportunities arise.
Trading markets are not about who makes the most in one trade, but about who survives the longest. Taking one small step at a time leads to a thousand miles. This is also why I have consistently emphasized the "medium to long-term spot trading as primary, short-term futures as secondary" strategy. Let us all support this approach together.#黄金创43年来最大单周跌幅 $XAUT
Gold Market Analysis 2026.03.23
Today's decline in gold is historically rare, but the daily chart has not broken below the support zone shown in the chart, so I maintain my viewpoint unchanged.
The decline from 5417 will end soon or may have already ended. If it strengthens subsequently, we could even assume the decline starting from 5599 has ended. Based on this, gold has two possible trends shown in the chart:
Blue: After the daily chart does not break below the support zone shown and ends the decline, it will run a rebound against the decline from 5417. If there is no strong bullish momentum subsequently, it may continue to decline after the rebound ends, at which point it will break below the support zone and continue searching for a bottom.
Red: The daily chart does not break below the support zone shown and completes all the decline starting from 5599. What follows is a new uptrend. Under this scenario, gold will continue its previous uptrend and reach new highs, with 6400 being a possible key target.
The path of trading has never been smooth sailing. Today's decline has stopped out my gold futures long positions. For accumulated gold and physical gold, I choose to continue holding and add to positions when opportunities arise.
Trading markets are not about who makes the most in one trade, but about who survives the longest. Taking one small step at a time leads to a thousand miles. This is also why I have consistently emphasized the "medium to long-term spot trading as primary, short-term futures as secondary" strategy. Let us all support this approach together.#黄金创43年来最大单周跌幅 $XAUT