March 4th, Gold Morning Latest Trend Analysis and Trading Strategy

Good morning everyone☀️ I am Jingwen. Yesterday, gold surged to 5380 at the opening but faced resistance and pulled back. After rebounding to 5374, it began to weaken sideways. During the session, it found brief support at 5280 and rebounded to 5335, but failed to break the previous high and turned weaker again. During the European session, affected by a sharp decline in European stock markets, market sentiment suddenly changed, and the gold price directly broke below the key support at 5280. The bears gained full momentum, breaking through the 5200 and 5092 levels consecutively, with the lowest touching 4996, resulting in a large one-sided plunge. In the early hours, the market bottomed out and stabilized. Capital flows returned, pushing the price back into the 5080-5150 range for recovery, with a daily volatility of over 380 points. In extreme market conditions, everyone must strictly control position sizes and implement risk management.

On the 4-hour chart, after a deep decline, gold formed a V-shaped reversal. Indicators began to recover from oversold territory, with a clear distinction between bulls and bears. The key resistance zone to watch is 5150-5200, which was previously support turned into resistance and is the core defensive position for the bears. In the short term, the temporary support levels are 4990 and 4960, which are critical defense levels for the bulls. If these are broken, it will open up new downside space.

Today's trading strategy is mainly to buy on dips and sell on rebounds, with real-time levels to be followed during the session.

For operations: buy at 5080-5100, with targets sequentially at 5160-5180-5200#元宵赏月领红包 #加密市场反弹 #美伊局势影响 #XAU