3.16 Gold Short-term Bearish Pressure Persists, Rebound Faces Clear Resistance

Gold experienced a cliff-like plunge followed by weak consolidation, with the Asian session opening showing significant declines, breaking through the key 5000 USD level at one point with a low of 4967, followed by a rapid rebound. Currently consolidating weakly in the 4080-5030 range. Overall pressure comes from USD strength, elevated US Treasury yields, and delayed Fed rate cut expectations.

On the 4-hour chart, the Bollinger Bands are opening downward, with MA5, MA10, and MA20 maintaining a standard bearish alignment. Gold price faced repeated pressure from moving averages during rebounds, showing weak rebound sustainability, indicating short-term bearish forces have not completely faded. Rebound is merely technical correction rather than trend reversal. On the 1-hour chart, RSI has slightly recovered from oversold territory following the price rebound, but remains below 5050 in the bearish zone, showing weak bullish momentum. MACD fast and slow lines show signs of forming a golden cross, but with insufficient momentum to support sustained gold price rebound. Watch 5050-5080 resistance level above; if 5050 is not broken, rebound cannot continue. Breaking above 5050 could lead to minor rebound. Asian session strategy follows high-sell methodology.

Gold Operation Strategy: Rebound to 5040-5050 light short, stop loss 5070, target 5000-4090; light position, strict stop loss

Disclaimer: The above content is personal analysis and viewpoint sharing only and does not constitute trading advice.