3.24 Gold Sharing

The morning sunlight pierces through the clouds, gently shining on your shoulders, dispelling a night of laziness and confusion. There is no need to chase time, no need to dwell on the past; walk slowly toward the light, and the wind will bring gentleness, days will gradually become clear, and all beauty arrives on schedule along the sun-facing path.

The current gold market has completed a trend reversal, transitioning from the previous one-sided bull market into a medium-term downtrend dominated by bears. Macro headwinds and technical breakdown form resonance, with all rebounds defined as oversold recovery with no reversal foundation yet.

The Federal Reserve's March FOMC meeting released unexpectedly hawkish signals, maintaining baseline rates unchanged, pushing the first rate-cut window to the second half of the year, not even ruling out resuming rate hikes. The extended high-rate cycle significantly elevates real rates and US Treasury yields; as a zero-coupon asset, gold's holding costs surge dramatically. Combined with a strengthening US dollar index and global capital reflowing from precious metals to dollar assets, high-level profit-taking accelerates, constituting the core driver of sustained gold price declines.

Technical Analysis:
- Weekly: Three consecutive bearish candles pierce through medium-term moving averages, forming a clear top-reversal structure; the medium-term uptrend has ended.
- Daily: Consecutive bearish closes break through multiple key moving averages, with the moving average system in bearish alignment; downside momentum not fully exhausted.
- 4-hour: Price compressed by short-term moving average pressure with extremely weak rebound strength; technical recovery easily reverses again after oversold conditions, with no stabilization signals.

Short around 4470-4510, targets: 4350-4260-4180

Short-term oversold conditions may trigger minor technical rebounds, but before reversal signals emerge, rebounds are merely shorting opportunities. Monitor US inflation data, non-farm payroll figures, and Fed statements; if policy expectations shift again, timely adjustments needed.#Gate13周年全球庆典 #加密行情震荡 $XAU