2026-03-16 02:22:49

Jin Dachuan 3.16 Or early review

Following the downtrend after opening this morning, after breaking 5000, the lowest reached 4967, then rebounded to around 5020, with a V-shaped reversal on the small timeframe, indicators beginning to warm up, superficially suggesting today's market should start rising.

However, looking at the major trend, the US-Iran conflict is nearing its end, market rate-cut expectations are weakening, gold jewelry prices in the market are too high, the crypto market has begun to warm up and rise after five months of consecutive declines, while gold is facing a death cross at the weekly level, all of which lead me to remain bearish on gold in the short term.

Operationally, I recommend operating around 5050, with defensive stops above 5060, targeting 4940-4880 and below.

Risk Disclaimer: Investment carries risks, entry into the market requires caution. The above analysis is for reference only and does not constitute investment advice.

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