March 19 Gold - Morning Latest Trend Analysis and Trading Strategy

As expected, gold weakened yesterday. The Federal Reserve maintained interest rates unchanged, fully in line with market expectations. Powell's speech was overall hawkish, cooling rate-cut expectations again. Gold came under short-term pressure and declined, touching lows near 4804, with the market showing overall weakness.

On the daily chart level, the bearish pattern has been established. The MACD fast line has broken below the zero axis, with the large bearish candle completely erasing all gains since before the holiday. The downtrend is clearly visible. The three Bollinger Bands are opening downward in sync, and gold still has room to explore lower levels. Key focus on support at 4760 and 4670. Although there may be intra-day fluctuations, the rebound strength is limited, with 4880 remaining a key resistance level.

In the short term, the bearish structure has basically completed, currently requiring technical correction after oversold conditions. However, the rebound is not strong, and no effective reversal signal has appeared yet. Operationally, remain focused on selling on rallies and avoid blind buying at the bottom.

Trading Suggestion: Scale into short positions when rallies reach the 4860—4880 zone, targeting 4840—4800. #Gate13周年全球庆典 #Gate广场AI测评官 #SEC与CFTC新监管指引 #XAU