Liang Ge Daily Gold | 3.22 Gold Weekly Outlook

The weekly chart closed with a large bearish candle, with downside expectations remaining for next week. Key support to watch is the previous low at 4400, if held without breaking, continued consolidation in a large range with rebound space of approximately 400 dollars, targeting the 4800-5000 region; if 4400 is effectively broken, there is at least 200 dollars of space downside, with equal target around 4225-4200.

Weekly resistance focuses on the top-bottom conversion level at 4683, short positions can be placed here, targeting back to the 4400 level.

The daily chart closed Friday with a long upper and lower shadow bearish candle, after intraday wash-out, weakening occurred in European and American sessions. Monday's main strategy is rebound shorts, with upper resistance around 4660.

Hourly resistance at 4570, in weak market conditions shorts can be placed around 4545; in extreme weakness, does not rule out direct pullback around 4517.