3.16 Tairan Huijin Daily Commentary:

Last week, gold prices fluctuated dramatically, and the strategy provided by Tairan can be described with two words: precision. 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 fierce. Price exhibited strong rebounds first, then declined from highs, followed by probing and stabilizing at the bottom, with overall movement showing obvious fluctuations. Inflation data showed strong performance, rate cut expectations continue to decline, US Treasury yields remain at elevated levels, coupled with geopolitical tensions in the Middle East, market sentiment remains volatile and uncertain.

The Federal Reserve's interest rate decision meeting on March 19 is approaching, with market expectations maintaining rates unchanged and rate cut expectations continuing to cool. The US dollar and US Treasury yields continue to strengthen, continuously suppressing gold prices; after last Friday's non-farm payroll data release, market sentiment turned cautious, with bulls taking the initiative to exit and observe.

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

Suggestion: Enter short at current price 5010, conservatively wait for shorting around 5030, targets at 4940-4900-4850