3.17 Jian Xi Gold Think Tank

Gold prices continued the weak volatile pattern from overnight, rebounding in a V-shape after testing 4967 last night, facing pressure again near 5020, with early trading consolidating in a narrow range around the 5000 level. Small-level rebounds are merely technical indicator corrections and have not yet reversed the bearish trend; short-term trading remains weak.

Macro and Technical Factors Exert Dual Pressure: With the Fed's March rate-setting meeting approaching, market rate-cut expectations continue to cool, the US dollar and US Treasury yields remain strong, continuously suppressing gold prices; institutions are taking profits at high levels, and the weekly-level golden cross pattern of gold continues, with multiple bearish factors creating resonance. Maintain a bearish view during early trading today; rebounds are opportunities to short.

Trading Strategy: Short in batches when rebounding to the 5030-5050 range, with stop-loss defense above 5065, targets pointing to 4980-4960, with potential to test below 4880 on breakdown.

Risk Disclaimer: Investment carries risk; enter the market with caution. The above analysis is for reference only and does not constitute investment advice. #黄金 $XAUT