3.25 Gold Surges to 4600, Can Key Support Hold Steady

Gold experienced a strong one-sided rally today, with prices rising rapidly and abundant bullish momentum, reaching a high of 4602.44. The K-line has been forming small-bodied candles with upper and lower wicks, gradually declining, indicating that bullish power is beginning to weaken. The short-term has entered a high-level consolidation and pullback phase. Currently, prices are approaching the key support level of 4530-4550. If this support level is effectively broken, it will confirm a phase top. Watch the 4600 level above; if it fails to hold firmly, prices may pull back again. For short-term strategy, it is suggested to follow the trend with high-level shorts as the main approach.

Gold Trading Strategy: Sell shorts in batches on rebounds at 4560-4570, stop loss at 4585, target 4500

Disclaimer: The above content is only for personal thoughts and viewpoints sharing, and does not constitute trading advice.