March 12 Gold Morning Latest Trend Analysis and Trading Strategy

Gold surged to 5223 yesterday and then fluctuated weaker, with multiple rebounds facing clear resistance. In the evening, the price accelerated its decline and is currently consolidating around 5140. In the short term, the bearish momentum has been fully released, and key support levels are gradually emerging. The market is likely to mainly test and repair itself today, so maintaining a low-long position is the more prudent approach.

The US CPI data released last night showed strong inflation resilience, which in the short term reinforced expectations that the Federal Reserve will keep interest rates high. As a result, gold prices also retreated accordingly. However, from a medium- to long-term perspective, the expectation of rate cuts has not completely disappeared. Coupled with ongoing geopolitical uncertainties, market safe-haven demand remains supported. During the correction, funds are actively entering within the range, and this short-term adjustment will not change the overall bullish pattern.

Today's trading suggestion is to buy on dips in batches, focusing on entering around 5120–5130. If there is a deep correction, consider adding longs again around 5095–5110. The upper target is 5180–5200. Set strict stop-loss orders throughout, keep positions light, and avoid blindly holding large positions.