Muyao: March 26 Evening Strategy

During the day, gold generally showed a pattern of rising sharply, then pulling back, and stabilizing after testing lows: prices briefly surged to around 4544 in the early session, then gradually declined after facing resistance overhead; in the afternoon, the decline accelerated, reaching an intraday low of 4413, then found support at the lower levels and rebounded slightly, closing around 4419. From the 10-minute K-line chart, the price stopped falling near the lower band, and signals of stabilization after overselling gradually appeared, easing the short-term weakness.

News: The Middle East geopolitical conflict continues to intensify, and the risk of the US and Israel attacking Iran still unsettles the market. Safe-haven sentiment provides underlying support for gold prices; meanwhile, although the latest US economic data remains solid, market expectations for a Fed rate cut have cooled, but the dollar and US bond yields have limited upward momentum, failing to exert sustained pressure, thus constraining the downside space for gold. With mixed bullish and bearish factors, the market is more inclined to look for recovery opportunities at lower levels.

Technical Analysis: From the current chart, the Bollinger Bands are opening downward, but the lower band is flattening. Prices found support and rebounded around 4410. The MACD green bars are continuously shrinking, with a potential golden cross on the fast and slow lines. The RSI indicator is recovering from oversold territory. Although the short-term moving averages remain bearish, the rebound momentum after overselling is gradually building, and the support levels are strengthening, highlighting increasing opportunities for long positions at lower levels.