3/4 Gold Strategy Summary

During the European trading session, influenced by a sharp decline in European stock markets, market sentiment weakened. Gold prices broke below the 5280 support level and accelerated downward, consecutively losing the 5200 and 5090 levels, with a low of 4996. The daily fluctuation exceeded 380 points, indicating an extreme downward trend. After stabilizing in the early morning, funds flowed back in, and prices rebounded to the 5080–5150 range for consolidation.

From the 4-hour chart, after a sharp decline, gold prices formed a V-shaped rebound, and indicators gradually recovered. Resistance above is focused on the 5150–5200 zone (former support turned resistance), with short-term support at 4990 and a critical defense level at 4960. A break below or continued weakness is expected.

Operational suggestions:
Primarily buy on dips, with short positions as a supplement, and respond flexibly in the short term.
Consider going long around 5100, targeting 5150–5180, and look to stand firm above for a move toward 5220.

In extreme market conditions, be sure to control position sizes and strictly implement stop-losses.