3.16 Gold Early Review #黄金#



Current price $5025.43/oz, maintaining low-range oscillation and consolidation intraday. Price initiated stepwise decline from previous highs, with weak rebound strength, bearish trend still dominant, short-term grinding lows near key round-number levels.

1-hour timeframe: Descending channel structure is clear, rebound highs gradually declining, bearish momentum prevails; support band below, strong resistance band above.

Effective break below key support opens further downside space; if price stabilizes at lows and breaks through recent rebound highs on volume, technical corrective rebound may be triggered.

Key focus on round-number level resistance/support; if holding steady, bullish correction can be expected, if under continuous pressure, bearish trend will continue.

Trading Suggestions
Long: Enterprise at 4990-5000 zone, stop loss below 4980, target 5040
Short: Resistance encountered at 5035-5045 zone, stop loss above 5055, target 5010
(Personal suggestions for reference only, actual trading takes precedence) #Spot Gold #黄金:
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