3.16 Tairan Huijin Daily Commentary:

Last week, gold market volatility was intense, and the strategy provided by Tairan can be described as precise. From 5089 down to 4960, we successfully captured 130 pips of movement.

From the current market perspective, the battle between bulls and bears is intensifying. Price rebounded strongly first, then declined at higher levels, followed by exploring bottom and stabilizing. Overall volatility is evident. Inflation data performed strongly, rate cut expectations continue to decline, US Treasury yields remain at elevated levels, and coupled with Middle East geopolitical situation impact, market sentiment remains volatile.

The Federal Reserve's March 19 FOMC meeting is approaching, with market expectations pricing in no rate change, and rate cut expectations continuing to cool. A stronger US dollar and US Treasury yields continue to suppress gold prices; after Friday's non-farm payroll data release, market sentiment turned cautious, with bulls actively exiting to observe.

Currently, gold is overall in a consolidation and adjustment phase, with key resistance at 5110-5130 range; downside support first at 4940-4960 area.

Suggestion: Enter short at current price 5010, conservatively wait to short near 5030, target 4940-4900-4850.