Jin Dachu 3.11 Gold Morning Review



Last night, gold prices experienced intense volatility, with bulls and bears battling back and forth. The fluctuations approached 100 points, and the short-term trend completely spiraled out of control, disrupting the market’s original rhythm.

From the chart structure perspective, the previously maintained upward trend has clearly broken, with bullish momentum significantly weakened, and technical patterns showing signs of weakness. In the short term, strong unilateral movement is no longer supported.

Currently, there is a resistance level around 5220 on the chart, and the intraday strategy should primarily be short.

Focus on short positions around 5220, with a stop-loss above 5240, and targets at 5160, 5125, and 5100.

Risk Reminder: Investment involves risks. Enter the market cautiously. The above analysis is for reference only and does not constitute investment advice.
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