3.16 Gold rebound momentum is weak, combined with trend analysis recommendations

Gold price breached the 5000 round number level, market risk-aversion sentiment spreading rapidly, short-term violent fluctuations are the norm, no one can completely avoid them. As the classic investment philosophy goes: maintain rationality when the masses panic, stay clear-headed when the market is euphoric. Every round of deep correction is a test of long-term value investors' mindset. Hesitation and wavering are inevitable along the way. During this phase, reducing frequent operations and patiently observing—where a gentleman conceals his tools and waits for the right moment to act—is often a more mature choice.

Market Review:

Gold rebounded to the 5030 level in today's Asian session but faced pressure and fell back near the 5000 level. After European opening, it reached a high near 5036 but was blocked and retreated to around the 5000 level. The weakness consolidation continues, and short-term rebound momentum further deteriorates. It is likely to first retest support below for confirmation, then attempt a small rebound, but rebound strength is limited, constrained by resistance above.

Looking at the 4-hour trend, the short-term bearish pattern remains unchanged, with MA5, MA10, MA20 still in standard bearish alignment. Gold has been blocked multiple times on rebounds without forming an effective uptrend. The 1-hour RSI indicator shows a slight decline from lows as gold fell, the MACD bullish crossover signal failed to persist, momentum remains insufficient. Short-term remains a shock market, European session likely maintains 4960-5050 range consolidation.

Gold Trading Recommendation: Rebound 5020-5030, continue watching for pullback, stop loss 20 points, target 5080-5070; light position, strict stop loss

Disclaimer: The above content is only personal thoughts and viewpoint sharing, not constituting trading advice.