3.23 Jian Xi Midday Review

Gold surged to 4536 in the morning session before facing selling pressure and retreating. The short-term quickly probed down to around 4320 where it stabilized, followed by a minor rebound to 4369 before encountering resistance and falling back. Overall, the price action shows a shock-and-decline pattern with an initial drop, subsequent rise, and renewed pullback. The bearish trend is evident, with the current trading around 4310.

From a technical perspective, the 4-hour Bollinger Bands are opening downward and diverging. After price broke below the lower band, the downtrend continues, with MACD histogram bars sustaining volume expansion and bearish momentum remaining strong. Although the KDJ indicator has entered oversold territory with some technical correction potential in the short term, the overall trend remains bearish.

Operationally, short positions can be established in the 4310—4295 zone, with targets toward the 4270—4200 area. #黄金 $XAUT