Jin Dachuan 3.17 Gold Morning Analysis

The morning gold price continued the overnight weak fluctuation. After exploring the bottom at 4967 last night, it rebounded in a V-shape to around 5020 and faced pressure again. In the morning session, it consolidated slightly around the 5000 level. The small-level rebound was only for indicator repair and failed to reverse the bearish trend; the short-term remains weak.

From a major trend perspective, the Federal Reserve's rate decision in March is imminent, and rate-cut expectations continue to cool, with the US dollar and US Treasury yields strong, suppressing gold prices. Institutions are taking profits at high levels, and the golden weekly-level death cross continues. Multiple negative catalysts are converging; the morning session today remains bearish, with rebounds being shorting opportunities.

Operationally, short around 5030-5050 on rebounds, with a stop-loss defense above 5065, targeting 4980-4960, and looking below 4880 on a breakdown.

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