#黄金[超话]#3.4 Midnight Gold

Midnight Gold experienced a significant pullback, with a rapid short-term decline! Since reaching a high of 5379, it has continued to decline, touching a low of 5016, with obvious short-term volatility.

U.S. economic data performed relatively well, and the market's expectations for a Fed rate cut in March have adjusted accordingly. The dollar and U.S. Treasury yields performed strongly, combined with profit-taking at high levels, leading to a noticeable correction in gold prices.

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

Strategy reference: Cautiously observe a rebound to the 5120-5140 range, with targets near 5050 and 5000. #黄金##Forex Gold#元宵赏月领红包