Gold trades in a narrow range during early morning consolidation, making it an ideal time to initiate long positions at the open.

Gold Digger Lao Mao
March 12, 2026, Thursday

The market never neglects those who are patient; true profits are hidden in waiting and perseverance.

Looking back at the midnight行情, we suggested a long strategy at the lows. We initially expected significant volatility during the early hours, but the actual market surprisingly narrowed, maintaining a tight range with no major fluctuations in either long or short positions. Overall risk remains controllable. Currently, the market is in a pause; after the open, the行情 will gradually release, and it is recommended to focus on executing low-buy strategies.

From a technical perspective, on the hourly chart, the price repeatedly consolidates around 5170. The Bollinger Bands are gradually narrowing, with strong support forming between 5150-5130 in the short term. Moving averages show some fluctuations but remain overall bullish. The key resistance level is at 5200; a breakout above this level would further open up upside potential.

Strategy-wise, maintain a firm long bias. After the market opens, gradually enter long positions within the 5150-5130 range, with the first target at 5200. If broken, aim for higher targets. Strictly set stop-loss below 5120 to manage risk and control position size, waiting for the market to gain momentum.

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Disclaimer: The above analysis is for personal trading ideas only and does not constitute any investment advice. The market carries risks; operate cautiously.