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March 18 Gold Commentary: The 5000 Level Continues to Be Contested, Consolidation Awaits Direction
Gold has experienced intense battles between bulls and bears recently, with repeated tug-of-war around the 5000 level. After yesterday's Asian session opened lower, prices fluctuated and moved higher, with the European session continuing the rebound trend, reaching a high near 5044. In the early morning, prices quickly dropped to around 4973, where they stabilized, then rebounded and oscillated around the 5000 mark again.
Currently, the market has stabilized after finding a bottom, with the beari
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3.17 — 【Tairan】Gold Analysis | Multi-Empty Tug-of-War at 5000 Level, Oscillation Bias Upward
Yesterday, gold opened lower and probed down to $4966, then quickly stabilized and rebounded, surging to $5032 before encountering resistance and falling back. The daily line closed with a small bearish candle, with the overall price consolidating in a narrow range around the $5000 pivot, and short-term volatility converging.
News: The Federal Reserve's March interest rate meeting is approaching, cooling expectations for rate cuts and a stronger dollar are pressuring gold prices; however, Middle East g
PAXG-5,38%
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3.16 Tairan Huijin Daily Commentary:
Last week gold price action was highly volatile, and the strategy provided by Tairan can be described as precise. From 5089 down to 4960, we successfully captured 130 pips of movement.
From the current market perspective, the battle between bulls and bears is intensifying. Price showed strong rebound first, then declined from higher levels, followed by probe lows and stabilization. Overall movement is notably volatile. Inflation data remains robust, rate cut expectations continue to decline, US Treasury yields maintain elevated levels, and coupled with Midd
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