3.23 Jian Xi Midday Review

Gold surged to 4536 in the morning session but faced selling pressure and retreated. The short-term quickly probed down to around 4320 where it stabilized, subsequently bouncing slightly to 4369 but encountered resistance and fell again. Overall, it presents an oscillating downtrend pattern of decline followed by gains then pullback, with a clear bearish trend. Currently trading around 4310.

From a technical perspective, the 4-hour Bollinger Bands are opening downward and diverging. After price broke below the lower band, the downtrend continues. MACD green histogram continues to expand volume, maintaining strong bearish momentum; although the KDJ indicator has entered the oversold zone with some technical bounce requirement in the short term, the overall trend remains bearish.

Operationally, short positions can be deployed in the 4310-4295 zone, targeting the 4270-4200 area. #黄金 $XAUT