3.16 Tairan Huijin Daily Commentary:

Last week, gold price fluctuations were dramatic. The strategy provided by Tairan can be described as precisely accurate. From 5089 to 4960, we successfully captured 130 points of space.

From the current market perspective, the battle between bulls and bears is becoming increasingly intense. The price initially showed strong rebound, then retreated at higher levels, followed by exploring bottom and stabilizing, with overall volatile movements evident. Inflation data performed strongly, rate cut expectations continue to be lowered, US Treasury yields maintain high levels, coupled with Middle East geopolitical situation impacts, market sentiment remains constantly uncertain.

The Federal Reserve's FOMC meeting on March 19 is approaching. The market expects the interest rate to remain unchanged, and rate cut expectations continue to cool down. The US dollar and US Treasury yields strengthen, continuously suppressing gold prices; after last Friday's non-farm payroll data release, fund sentiment turned cautious, with bulls actively exiting to observe.

Currently, gold is overall in a consolidation stage. Key resistance levels are in the 5110-5130 zone; support below first looks at the 4940-4960 area.

Suggestion: Enter short at current price 5010, or conservatively wait to short near 5030, targeting 4940-4900-4850