Liang Ge's Daily Gold | 3.22 Gold Weekly Outlook

The weekly candle closed with a large bearish bar, with downside expectations continuing into next week. Key support level is the previous low at 4400, if it holds, the market will continue to consolidate in a large range with a rebound space of approximately 400 USD, targeting the 4800-5000 region; if 4400 is effectively broken, there is still at least 200 USD of downside space, with an equal measure target around 4225-4200.

Weekly resistance focus is on the top-bottom reversal level at 4683, where short positions can be established with targets back to the 4400 level.

The daily chart showed a long upper and lower shadow bearish candle on Friday. After intraday consolidation, the market weakened during the European-American session. Monday's main bias is to short on bounces, with resistance above at 4660.

Hourly chart resistance at 4570, under weak market conditions, shorts can be initiated around 4545; under extreme weakness, direct pullback around 4517 is not ruled out.