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Kinda Chuan 3.12 Gold Morning Review
Last night, after we successfully closed our positions with a perfect stop gain, the market rebounded as expected to around 5180, then continued to decline, reaching a low of 5125. It then started to rebound during the Asian session, currently hovering around 5155 with resistance and oscillation. Overall, the trend remains under the dominance of a large-scale bearish pressure.
Regarding geopolitical news, we won't analyze in detail here. Currently, the US-Iran tensions remain irreconcilable, but the war is clearly nearing its end. The risk aversion sentiment in gold is noticeably decreasing.
For the day, it is still recommended to focus on short positions at higher levels, around 5180, with a stop at 5200, and targets below 5130-5100.
Risk Reminder: Investment involves risks. Enter the market cautiously. The above analysis is for reference only and does not constitute investment advice.