3.24 Gold Sharing

Morning sunlight filters through the clouds, gently falling on your shoulders, dispersing the laziness and confusion of the night. There's no need to chase time, no need to dwell on the past. Walk slowly toward the light, and the breeze will bring gentleness. Days will gradually become clear, and all beauty arrives on the sunny path, right on schedule.

The current gold market has completed a trend reversal, formally transitioning from the previous one-sided bull market into a medium-term downtrend dominated by bears. Macro headwinds and technical breakdowns have formed a resonance, with all rebounds defined as oversold corrections, with no reversal foundation present.

The Federal Reserve's March FOMC meeting released stronger-than-expected hawkish signals, maintaining the benchmark interest rate unchanged, with the first rate cut window postponed to the second half of the year, and not ruling out restarting rate hikes. The high-rate cycle has significantly elevated real rates and U.S. Treasury yields. Gold, as a zero-coupon asset, has seen its holding costs surge; coupled with a stronger dollar index and global capital flowing back from precious metals to dollar assets, profit-taking at highs has concentrated, forming the core driver of sustained gold price declines.

Technically, three consecutive weekly bearish candles break through medium-term moving averages, forming a clear top reversal structure. The medium-term uptrend has ended; consecutive daily bearish closes break through multiple key moving averages, with the moving average system in bearish alignment. Downside momentum hasn't fully exhausted; 4-hour prices are pressured by short-term moving average resistance. Bounce strength is extremely weak—after oversold corrections, prices tend to fall again, with no stabilization signals.

Short near 4470-4510, targets 4350-4260-4180

Short-term oversold conditions may trigger minor technical bounces, but before reversal signals emerge, bounces are only shorting opportunities. Pay attention to U.S. inflation data, non-farm payrolls, and Fed statements. If policy expectations shift again, adjust positions promptly. #Gate13周年全球庆典 #加密行情震荡 $XAU