3.18 Gold Commentary: The 5000 Level Under Repeated Contention, Consolidation Awaiting Direction
Gold has recently seen intense long-short positioning battles, with repeated tug-of-war centered around the 5000 level. Following yesterday's opening lower in Asian session, the price rallied during consolidation, with European session extending the rebound momentum and reaching a high near 5044; the early morning saw rapid downside probing, bottoming near 4973 before stabilizing, and subsequently bouncing back to hover around 5000 again.
Currently, the market has stabilized after bottom-finding, bearish momentum has somewhat eased, bulls are fighting back at lower levels, and overall we are entering a range-consolidation accumulation phase. Ahead of key meetings, market sentiment is cautious, with bulls and bears temporarily at a standstill. Short-term trends remain primarily consolidation-based recovery.
Key resistance above remains around 5060, with rebound potential to test this level; short-term downside pressure has eased, but reversal signals remain unclear, likely maintaining range-bound consolidation. Operationally, avoid chasing entries blindly and patiently await quality entry points.
Operational Suggestions
Long: Entry around 4960–4970, stop loss below 4950, targets at 5010–5030–5070
Disclaimer: The above is Tairan's personal technical analysis for discussion reference only and does not constitute any investment advice! #黄金 #现货
3.18 Gold Commentary: The 5000 Level Under Repeated Contention, Consolidation Awaiting Direction
Gold has recently seen intense long-short positioning battles, with repeated tug-of-war centered around the 5000 level. Following yesterday's opening lower in Asian session, the price rallied during consolidation, with European session extending the rebound momentum and reaching a high near 5044; the early morning saw rapid downside probing, bottoming near 4973 before stabilizing, and subsequently bouncing back to hover around 5000 again.
Currently, the market has stabilized after bottom-finding, bearish momentum has somewhat eased, bulls are fighting back at lower levels, and overall we are entering a range-consolidation accumulation phase. Ahead of key meetings, market sentiment is cautious, with bulls and bears temporarily at a standstill. Short-term trends remain primarily consolidation-based recovery.
Key resistance above remains around 5060, with rebound potential to test this level; short-term downside pressure has eased, but reversal signals remain unclear, likely maintaining range-bound consolidation. Operationally, avoid chasing entries blindly and patiently await quality entry points.
Operational Suggestions
Long: Entry around 4960–4970, stop loss below 4950, targets at 5010–5030–5070
Disclaimer: The above is Tairan's personal technical analysis for discussion reference only and does not constitute any investment advice!
#黄金 #现货