3.17 Jian Xi Evening Analysis

Today's daytime gold overall showed a rise-then-decline, volatile pullback trend: the early session gradually climbed from low levels, once surging to around 5044 where it faced resistance, the afternoon saw volatile declines, and currently price has tested near the lower Bollinger Band, with a clear short-term weakness pattern.

The current Middle East geopolitical situation still carries uncertainty, combined with market's repeated game over Fed rate cut expectations, gold's bullish-bearish divergence continues to intensify. Intraday the US dollar index showed modest strength, coupled with market profit-taking, jointly suppressing gold prices and pushing prices back from highs.

From a technical perspective: the 10-minute BOLL indicator shows price breaking below the middle band and approaching the lower band, short-term bearish momentum continues to release; MACD death cross turning downward, green columns gradually expanding, short-term weakness continues. If the lower band support holds effective, the market may welcome a minor rebound; if broken effectively, further support to watch around 4994 below.

Evening trading strategy:
Buy in batches on pullbacks near 4990—4980
Target around 5020—5080#黄金 $XAUT