3.25 Jianxi Evening Analysis

Gold surged to 4602 in early trading today, then the uptrend slowed down. Subsequently, it pulled back with oscillations and repeatedly consolidated around the middle band of the Bollinger Band at 4555, showing a narrow-range oscillation pattern after a pullback from the high. Short-term focus should be on the 4539 support below, with clear 4571 resistance above. Gold price maintains minor fluctuations within the Bollinger Band channel.

Currently, the geopolitical situation in the Middle East remains tense, with the US and Israel striking Iranian-related targets, market risk-aversion sentiment continues to escalate, providing strong support for gold prices. Meanwhile, the Federal Reserve's monetary policy stance remains cautious, and the market's continued positioning on rate-cut expectations also form positive fundamentals for gold. The economic data to be released this evening may further guide the subsequent direction of the US dollar and gold.

From the 10-minute timeframe perspective, gold has pulled back from highs and stabilized near the middle band, with the Bollinger Band gradually narrowing, suggesting shortened near-term volatility range. Moving averages are intertwined, with intense bulls-bears competition. The current price hovers around the middle band. If it can effectively hold above the middle band, it's expected to launch a rebound toward the upper band. If it breaks below the lower band support, it may continue to adjust downward.

Trading Strategy

Build long positions in batches on pullbacks to 4555—4540 zone
Target range 4575—4630$XAUT #贵金属领涨