3.20 Gold One-Way Crash 300 Points, Cautious Bottom-Fishing

Market Review

Yesterday's opening price rebounded from 4827 to 4804 line to 4867 line, then the price dropped rapidly to the intraday low near 4502 and rebounded near 4648. Subsequently, the price oscillated in the 4570-4650 range, and in the early morning after surging to 4663 line, it closed near 4651.

On the 4-hour chart, the overall structure continues to run weak, the moving average system shows obvious bearish alignment, and the medium-term downtrend has not yet reversed.
However, MACD bearish momentum is gradually decreasing, RSI bottomed out and turned up, downside momentum is weakening, entering oversold recovery, but without reversal signals.

On the 1-hour chart, MACD shows bullish divergence, KDJ golden cross, there is a need for weak rebound correction, but energy is insufficient and persistence is poor. Key resistance above focuses on the 4750-4800 USD zone, which is the previous key support level that has converted to strong resistance after being broken, and is also an important pressure level for this rebound—it's difficult to break through effectively. Below, continue to closely monitor near 4500. Looking comprehensively, clarify today's operational strategy—there is only one core principle: comply with the bearish trend, cautiously participate in rebounds, avoid blind bottom-fishing, and do not chase longs.

Gold Operation Strategy: Batch short at 4750-4780 on rebounds, stop loss at 4800, target 4650-4600. Light position, strict stop loss.

Disclaimer: The above content is only for personal thoughts and viewpoint sharing, and does not constitute operational advice.