3.17 — 【Tairan】Gold Analysis | Multi-Empty Tug-of-War at 5000 Level, Oscillation Bias Upward

Yesterday, gold opened lower and probed down to $4966, then quickly stabilized and rebounded, surging to $5032 before encountering resistance and falling back. The daily line closed with a small bearish candle, with the overall price consolidating in a narrow range around the $5000 pivot, and short-term volatility converging.

News: The Federal Reserve's March interest rate meeting is approaching, cooling expectations for rate cuts and a stronger dollar are pressuring gold prices; however, Middle East geopolitical risks remain elevated, global central banks continue purchasing gold, combined with buying interest at lower levels, providing solid downside support for gold. Multi-empty factors intertwine, with the market showing cautious oscillation.

Technical Analysis: Gold prices are repeatedly contesting around the 5000 round number level. The 4-hour Bollinger Band is contracting and moving sideways, with the short term entering an oscillation consolidation pattern. Price is pressed by short-term moving averages, MACD green histogram shrinking in volume with weakening bearish momentum; KDJ turning at low levels entering oversold territory, downside momentum insufficient, and rebound correction demand strengthening. Focus on the 4960-4975 support zone below, with resistance above at 5035-5055.

Trading Recommendations:
On pullbacks to 4960-4975 USD, add long positions in batches with stop loss at 4945, targeting 5040 USD first, with breakout target at 5070 USD.

Special Disclaimer: All content is 【Tairan】's intraday review and personal analysis for discussion and learning purposes only. Capital markets are ever-changing, and market conditions may reverse at any time. Do not use the analysis content as investment basis. View the market rationally and wish you successful investing#黄金 #现货