#黄金[超话]#3.4 Midnight Gold

Midnight Gold experiences a sharp pullback, with a rapid short-term decline! It has been steadily falling from the high of 5379, reaching a low of 5016, with obvious short-term volatility.

U.S. economic data performed relatively well, leading the market to adjust expectations for a rate cut by the Federal Reserve in March. The dollar and U.S. Treasury yields are showing strength, combined with profit-taking at high levels, resulting in a significant correction in gold prices.

The 1-hour K-line broke below the midline, indicating a short-term oversold condition.
Key support: 5000 level, if broken, watch for 4950-4900
Rebound resistance: 5100-5150, the trend remains weak before stabilization

Trading idea: Be cautious and observe during a rebound to the 5120-5140 range, with targets around 5050 and 5000. #黄金##Forex Gold#元宵赏月领红包