3.16 Gold Rebound Momentum Weakening, Trend Analysis and Recommendations

Gold price has broken below the 5000 round number level, with market risk-aversion sentiment spreading rapidly. Short-term sharp volatility is inherently normal, and no one can completely avoid it. As the classic investment market philosophy goes: maintain rationality when the masses panic, and stay clear-headed when the market is euphoric. Each deep correction tests the mindset of long-term value investors, and hesitation and wavering are inevitable along the way. During this phase, reducing frequent trading and patiently observing—a gentleman keeps his abilities hidden and waits for the right moment to act—is often the more mature choice.

Market Review:

Gold rebounded to the 5030 level during the Asian session today before facing resistance and pulling back near the 5000 level. After European opening, it surged to around 5036 but failed to break through, falling back near the 5000 level, continuing its weak consolidation. Short-term rebound momentum has further weakened, likely to retest support below for confirmation first, then attempt a modest rebound, but rebound strength remains limited, constantly suppressed by overhead key resistance.

On the four-hour chart, short-term bearish dominance remains unchanged, with MA5, MA10, and MA20 still in standard bearish alignment. Gold has repeatedly faced resistance on rebounds without forming an effective upward trend. The one-hour RSI indicator has slightly declined from its low as gold price fell; the MACD fast and slow lines' golden cross signals failed to continue, with sustained insufficient momentum. Short-term outlook remains range-bound trading, likely 4960-5050 zone consolidation during European session.

Gold Trading Recommendations: On rebounds to 5020-5030, continue looking for pullbacks; stop loss 20 points; target 5080-5070. Light positions, strict stop loss discipline.

Disclaimer: The above content is merely personal thoughts and viewpoint sharing, and does not constitute trading advice.