3.23 Jian Xi Morning Analysis

Gold's downward trend has not stopped, continuing the pattern of breaking lows and moving lower. On Monday morning, it opened lower and declined further, with the lowest point reaching around 4420 before a slight rebound. The overall rebound strength is weak, and the current situation remains a weak bottom-fishing pattern.

The medium-term trend still leans bearish and is exploring lower levels, which fully aligns with last week's forecast of continued decline. Before a clear bottom signal appears, do not blindly buy the dip or chase rebounds. Although there is a high probability of a technical rebound near 4360, from a trend structure perspective, breaking below this support level is only a matter of time.

Short positions should be taken in batches within the 4440-4480 range. Add to short positions on rebounds to 4500 and 4520, with targets set at 4300 and 4250. #黄金 $XAUT #现货