3.23 Bai Muxin Morning Strategy | Gold


Gold is experiencing a bearish consolidation with downside probing, and the short-term downtrend is stabilizing.
Last week, gold prices declined sharply with weak rebounds; technically, a bearish pattern has formed, and the early session continues to show weakness.
U.S. economic data is improving, expectations for Fed rate hikes are increasing, and the strong dollar continues to suppress gold prices. Safe-haven capital is flowing into the dollar, further dragging down gold.
On the 1-hour chart, gold prices are trading along the lower Bollinger Band, with rebounds remaining weak. The KDJ indicator is oversold but has not stabilized, indicating that the downward momentum may continue.
Trading Strategy:
Short at 4480–4500 on rebounds, with targets at 4400 and 4300; if support at 4000 is broken, watch for further decline. $BTC $ETH #Gate13周年全球庆典
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