Jin Dachuan 3.17 Gold Morning Review

Morning gold prices continued the overnight weakness with oscillations. After testing a bottom at 4967 last night, they rebounded in a V-shape to around 5020 and faced pressure again. Morning trading showed minor consolidation around the 5000 level. Minor-level rebounds are only technical corrections and have not reversed the bearish trend; short-term performance remains weak.

From a major trend perspective, the Fed's March interest rate decision is imminent and rate-cut expectations continue to cool, with the US dollar and US Treasury yields remaining strong, weighing on gold prices. Institutions are taking profits at high levels, gold's weekly death cross persists, and multiple bearish factors converge. Early trading today remains bearish, with rebounds presenting shorting opportunities.

Operationally, short around 5030-5050 on rebounds with stop-loss defense above 5065. Target 4980-4960, watching for a break below 4880.

Risk Disclaimer: Investment carries risks; proceed with caution when entering the market. The above analysis is for reference only and does not constitute investment advice.