2026-03-12 04:52:29

Enze: Gold tests key support levels, 5125 becomes the dividing line

Gold closed below 5180 on Wednesday, causing the trading range to shift downward on Thursday, consistent with yesterday's analysis. The gold price has fallen to the target level of 5125, which is an important support level.

If the 5125 support holds, a pullback to the 5130-5140 range can be used for a buy, with initial targets of 5160-5180; if it breaks through 5180 and stabilizes, it can retain some positions to seek larger gains. Stabilization above also indicates a bullish sentiment.

If the support zone around 5120-5125 is lost again, it will directly turn bearish, with targets sequentially at 5090-5060-5040. These are all key support levels; after reaching these targets, exit and wait for a breakout signal.

Overall, today’s gold is not expected to experience a significant pullback. The trading strategy remains focused on buying on dips. Once a bottom is reached, a rapid rebound may unfold.

Note:
The above analysis is Enze’s personal view. The market is ever-changing, so everything is based on Enze’s actual insights!

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