3.23 Jian Xi Midday Review

Gold surged to 4536 in the morning and faced selling pressure, pulling back sharply. The short-term quickly probed lower to around 4320 where it stabilized, followed by a slight rebound to 4369 which met resistance again and fell back. Overall, it presents a shock-driven downtrend pattern with initial decline, subsequent rise, and renewed pullback. The bearish trend is evident, currently trading around 4310.

Technically, the 4-hour Bollinger Bands are opening downward and diverging. Price has broken below the lower band and continues the downtrend. MACD green histogram continues to expand volume, maintaining strong bearish momentum. Although KDJ indicator has entered the oversold zone with some short-term technical correction demand, the overall trend remains bearish.

Operationally, consider shorting in the 4310-4295 zone with targets toward the 4270-4200 area. #黄金 $XAUT