3.16 Evening Gold Outlook

On the daily chart, after gold broke below the previous support zone, the candlesticks continued to be suppressed by short-term moving averages, showing an overall oscillating and bearish pattern with limited rebound strength. Tonight, the focus is on whether the resistance at the 5030 level can be effectively突破. The 4-hour chart indicates that the rebound lacks persistence, with the moving average system in a bearish alignment. Short-term consolidation remains in the lower range, with bearish momentum still dominant. After oscillating correction, further downward movement is expected. The key support below is around 4960.

Trading strategy: Currently, market sentiment is weak in the short term, so it is advisable to mainly adopt a high short position strategy; however, geopolitical uncertainties and sustained surprises in inflation data could still provide medium to long-term support for gold prices, and the medium-term bullish outlook remains unchanged. In trading, follow the trend, strictly control risk, and avoid blindly bottom-fishing.

Personal suggestion: Short near 5030-5040, with a stop loss at 5050, and targets around 4970-4950.