3.16 Tairanhuijin Daily Commentary:

Last week, gold price fluctuations were intense. The strategy provided by Tairan can be described as precise - from 5089 to 4960, we successfully captured 130 points of movement.

From the current market perspective, the battle between bulls and bears is intensifying. Price showed strong rebound first, then declined from higher levels, followed by exploration and stabilization at the bottom. Overall trend shows obvious ups and downs. Inflation data performed strongly, rate cut expectations continue to decline, US Treasury yields remain at high levels. Combined with Middle East geopolitical situation impact, market sentiment remains volatile and uncertain.

The Federal Reserve's March 19th interest rate meeting is approaching. The market expects rates to remain unchanged, and rate cut expectations continue to cool. The US dollar and US Treasury yields are strengthening, continuously suppressing gold prices. After Friday's non-farm data release, fund sentiment turned cautious, with bulls taking profit and adopting a wait-and-see approach.

Currently, gold is in an overall consolidation phase. Key resistance level is in the 5110-5130 range; support below first looks at the 4940-4960 band.

Suggestion: Enter short at current price 5010, conservatively wait for 5030 nearby to short, target 4940-4900-4850