3.17 A Ming Gold Morning Strategy

**Gold Core Morning Trend:**
Currently London Gold is oscillating around the 5008 level, with highs touching 5013.6 and lows probing 4994.37. Overall presenting a low-level oscillation pattern with intense bulls-bears competition. Key focus on the 5000 critical level.

**Core Impact Factors:**
Bears rely mainly on Fed rate hike expectations to suppress prices—Thursday Fed meeting will likely maintain high rates, cooling rate cut expectations. Combined with strong dollar and rising US Treasury yields, directly suppressing gold prices. Bulls are supported by Middle East tensions; without situation easing, safe-haven funds will underpin gold, preventing sharp drops. Additionally, KDJ entering oversold zone creates short-term rebound demand, though momentum is limited.

**Morning Trading Recommendations**

**Long Positions (Cautious trial, no heavy positions):**
On pullback to 5000-5005 zone stabilization, build light positions, stop loss below 4990, targets 5030-5050, take profits and exit without holding.

**Short Positions (Priority setup, take profits quickly):**
On rebound resistance at 5050-5060 zone, open shorts with light positions, stop loss above 5070, targets 5020-5000, small position addition if breaking below 5000, watching around 4980.

**Key Points:**
- 5000 dollars is the lifeline; holding it offers rebound opportunity, breaking it leads to further downside;
- Single position not exceeding 10%, every trade must have stop loss, don't hold against the trade;
- Morning volatility is small but oscillations are choppy, avoid being caught;
- Today's focus on evening data (20:30 US NY Fed Manufacturing Index, etc.), minimize high-frequency trading in morning, focus on key zone setups, avoid blind trading risks.