3.25 Gold Surges 4600, Can Key Support Hold Steady?

Gold experienced a strong unilateral rally today with rapid price appreciation and robust bullish momentum, reaching a high of 4602.44. The K-line has formed small-bodied candlesticks with upper and lower shadows, gradually declining, indicating exhaustion of bullish strength. The short-term has entered a high-level oscillation and pullback phase. Currently, prices are approaching the key support level of 4530-4550. If this support is effectively broken, a stage top will be confirmed. Watch for competition at the 4600 level above; if it cannot hold steady, a potential pullback may follow. Short-term strategy suggests positioning for high-level shorts following the trend.

Gold Operation Strategy: Batch short selling on rebounds at 4560-4570, stop loss at 4585, target 4500

Disclaimer: The above content is for personal perspective and viewpoint sharing only and does not constitute operational advice.