Last week, gold market volatility was intense, and the strategies 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 retreated at high levels, subsequently tested lows and stabilized, with overall fluctuations being obvious. Inflation data performed strongly, rate cut expectations continue to decline, US Treasury yields remain elevated, coupled with Middle East geopolitical situation impacts, market sentiment remains volatile throughout.
The Federal Reserve's March 19th FOMC meeting is approaching, with market expectations for rates to remain unchanged, and rate cut expectations continuing to cool. US dollar and US Treasury yields strengthening continually suppress gold prices; following last Friday's Non-Farm Payroll data release, fund sentiment became cautious, with bulls actively exiting to observe.
Currently, gold is overall in a consolidation phase, with key resistance at the 5110-5130 range; below, support is first seen around the 4940-4960 area.
Suggestion: Enter short at current price 5010, conservatively await 5030 area for shorting, targets are 4940-4900-4850
3.16 Tairan Huijin - Today's Commentary:
Last week, gold market volatility was intense, and the strategies 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 retreated at high levels, subsequently tested lows and stabilized, with overall fluctuations being obvious. Inflation data performed strongly, rate cut expectations continue to decline, US Treasury yields remain elevated, coupled with Middle East geopolitical situation impacts, market sentiment remains volatile throughout.
The Federal Reserve's March 19th FOMC meeting is approaching, with market expectations for rates to remain unchanged, and rate cut expectations continuing to cool. US dollar and US Treasury yields strengthening continually suppress gold prices; following last Friday's Non-Farm Payroll data release, fund sentiment became cautious, with bulls actively exiting to observe.
Currently, gold is overall in a consolidation phase, with key resistance at the 5110-5130 range; below, support is first seen around the 4940-4960 area.
Suggestion: Enter short at current price 5010, conservatively await 5030 area for shorting, targets are 4940-4900-4850