3.24 Gold Midday Update



The gold price declined through key levels in early trading, then bounced weakly with decent gains. Currently oscillating around 4360, with the short-dominated rhythm post-crash unchanged, presenting an overall weak consolidation pattern.

Short-term (Quick Entry/Exit)

Primarily selling on rallies, supplemented by buying dips

Build short positions in batches near 4420-4450 on rallies, targeting 4330→4300→4280 in sequence
Follow shorts: After effective breakdown below 4300, follow the trend

Medium-term Layout (Patiently Awaiting Bottom)

⏳ Core Strategy: Avoid blind bottom-fishing, wait for stabilization signals

- Layout Zone: Focus near 4200-4250
- Entry Signal: Only after clear stabilization signals appear (such as volume-driven long lower shadow, MACD bullish divergence), then build long positions in batches. $BTC $ETH
BTC0.24%
ETH0.85%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin