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March 5th Gold Afternoon Latest Trend Analysis and Trading Strategy
The resistance at 5200-5205 is clear. If it cannot be effectively突破, a re-test of the downside is likely; the support at 5160-5155 is relatively strong. Holding above this level maintains a slightly bullish outlook.
The hourly rebound structure remains intact, with no clear signs of topping. The midday strategy is to oscillate slightly bullish and buy on dips, avoiding chasing highs.
Trading Recommendations
Buy near 5165-5150 on dips,
Set stop-loss below 5140,
Initial target at 5200, with a breakout aiming for 5230.