Enze: The Fed's major CPI report before the meeting concludes, and gold at 5150 maintains the bullish trend

Yesterday, the market was on edge, with focus on the U.S. February CPI data released in the evening. This was the last significant inflation report before the Federal Reserve's rate decision, directly influencing the June rate cut expectations and serving as a key indicator for gold price movements. Amid mixed panic news, the market experienced narrow fluctuations, with a strong wait-and-see sentiment.

Currently, gold is around 5175, remaining above the short-term moving average. The medium-term bullish pattern remains intact, and today's pullback is a healthy correction. The key support level is at 5150, which is also the limit of this pullback. Yesterday, a bottom-fishing position was also taken near 5150, capturing a large potential move. Today, the strategy continues to focus on this level, mainly buying on dips.

Trading Suggestions:
Buy around 5150-5160, with a stop loss below 5140. Target upward to 5180-5200, and breakouts toward 5230.

Reminder:
The above analysis is Enze's personal view. The market is ever-changing, so please rely on Enze's actual trading signals!