3.17 A Ming Gold Morning Strategy

Early Morning Gold Core Trend: Currently London Gold oscillating around the 5008 level, with a high touch of 5013.6 and a low exploration of 4994.37. Overall presenting a low-level oscillation pattern with intense long-short competition. Key focus on the 5000 critical level.

Core Influencing Factors: Bears rely mainly on Fed rate hike expectations to suppress prices—Thursday's Fed meeting will likely maintain high rates, cooling rate cut expectations. Combined with strong USD and rising Treasury yields, this directly suppresses gold prices. Bulls rely on Middle East conflict support; without situation easing, safe-haven funds will provide gold support and prevent sharp declines. Additionally, KDJ entered oversold territory with limited short-term rebound momentum.

Early Morning Operation Suggestions

Long Positions (Cautious trial longs, avoid heavy positions): When pullback stabilizes in the 5000-5005 zone, establish light positions with stop loss below 4990, targeting 5030-5050. Take profits when reached, avoid holding too long.

Short Positions (Priority layout, take profits early): When rebound encounters resistance in the 5050-5060 zone, open light shorts with stop loss above 5070, targeting 5020-5000. If breaking below 5000, consider small scale adding to positions, watching 4980 level.

$5000 is the critical line—holding it presents rebound opportunities, breaking below it will lead to further exploration.

Position sizing: Single position not exceeding 10% of account, every position must have stop loss, avoid holding losing trades. Although morning volatility is small, oscillations are repetitive—avoid being trapped in positions.

Today's key focus: Watch evening data releases (20:30 NY Fed Manufacturing Index, etc.). Avoid high-frequency trading in early morning, focus on establishing positions at key zones, and avoid blind operational risks.