March 19 Gold Morning Latest Trend Analysis and Trading Strategy

As expected, gold weakened yesterday. The Federal Reserve maintained its interest rate decision unchanged, fully in line with market expectations. Powell's speech was overall hawkish, cooling rate cut expectations further. Gold came under short-term pressure and declined to around 4804 at its lowest, with the overall market showing weakness.

At the daily level, the bearish pattern has been established. The MACD fast line has broken below the zero line, with a large bearish candle completely wiping out all gains since before the holiday. The downtrend is clearly visible. The Bollinger Bands' three bands are opening downward in sync, with room for gold to explore further downside. Key support levels to watch are 4760 and 4670 from earlier periods. Although there may be intraday oscillations and retracements, the rebound strength is limited, with 4880 remaining a key resistance level.

In the short term, the bearish structure has basically completed, and there is currently a need for technical correction following oversold conditions. However, the rebound is not strong, and no effective reversal signals have emerged yet. Operationally, maintain a focus on shorting rallies without blindly buying the dip.

Trading Recommendation: Stage short positions in the 4860-4880 range on rebounds, targeting 4840-4800. #Gate13周年全球庆典 #Gate广场AI测评官 #SEC与CFTC新监管指引 #XAU