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Jin Dachuan 3.24 Gold Morning Analysis
Although gold prices rebounded slightly in early trading, it is a weak recovery after a sharp decline, not a bullish reversal. The rebound encountered resistance near 4510 and fell back. The upper side is burdened by trapped long positions, and the bearish pattern remains unchanged. The rebound is merely a bull trap washout. The Asian session today is still expected to fall, with rebounds for shorting.
From a short-term trend perspective, 4450-4500 is today's core resistance zone. The 15-minute MACD death cross has formed, and bullish momentum continues to weaken. Even if there is oscillation around 4400 in the short term, it is only an intermediate decline. After indicators complete their repairs, prices will continue downward with clear trending down opportunities.
Short near 4380-4360 on rebounds, stop loss above 4400, targets 4260-4180, and below 4100 if support breaks.
Risk Warning: Investment carries risk; enter the market with caution. The above analysis is for reference only and does not constitute investment advice.
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