Review of yesterday( March 4th, Wednesday) trend. Gold opened higher in the morning session, facing resistance around 5190/91. It then retraced to 5121 before rebounding and fluctuating again, reaching a high of around 5206 during the European session. After the US session, prices turned into a sideways decline, with a low of around 5109 in the early morning. Overall, the market shows a pattern of rising and then falling, with a long upper shadow on the daily candlestick.

In the 4-hour chart, the stochastic indicator temporarily shows a bullish crossover signal, indicating a slightly bullish bias; the probability of a rebound within the day is relatively high. Currently, the BOLL band ranges from 5040 to 5430, with the key support and resistance levels within this range. The critical point for strength or weakness is at 5240; stabilizing above 5240 suggests a continued upward trend. Overall, the outlook for the gold market is primarily low-buying; key support levels to watch are at 5050, 5080, 5100, and 5130, with a continued bullish bias. Aggressive traders may consider positions around 5150, continuing to buy on dips.

Disclaimer: The above content is for personal ideas and opinions only and does not constitute trading advice.