3.25 Jian Xi Evening Review

Gold surged to 4602 in early trading today, then the uptrend slowed. Subsequently, it oscillated lower and repeatedly consolidated around the Bollinger Band midline at 4555. Overall, it is in a narrow-range oscillation after a pullback from highs. On the downside, focus on 4539 support, while 4571 resistance is evident above. Gold price maintains slight fluctuations within the Bollinger Band channel.

Currently, geopolitical tensions in the Middle East remain elevated, with US and Israeli strikes on Iranian-related targets, market risk-off sentiment continues to escalate, providing strong support for gold prices. Meanwhile, the Federal Reserve's monetary policy stance remains cautious, and ongoing market debates about rate cut expectations also provide favorable conditions for gold. The economic data to be released this evening may further guide the subsequent direction of the US dollar and gold.

From a 10-minute timeframe perspective, gold price has retreated from highs and stabilized near the midline, with the Bollinger Band gradually narrowing, suggesting limited short-term volatility space. Moving averages are intertwined and entangled, with intense long-short battles. Current price hovers near the midline. If it can effectively hold the midline, it is expected to initiate a rebound toward the upper band. If it breaks below the lower band support, it may continue to adjust downward.

Trading Strategy

Build long positions in batches on pullbacks to 4555—4540 zone
Target the 4575—4630 region$XAUT #贵金属领涨