3.23 Jian Xi Morning Review

Gold's downtrend continues, extending the momentum of breaking lows and moving lower. Monday's early session opened and traded lower, touching around 4420 before a modest rebound; however, the overall rebound strength remained weak, maintaining a weak bottom-probing pattern.

The medium-term trend remains biased downward, with price action completely aligning with last week's bearish continuation forecast. Before a clear bottom signal emerges, avoid blindly chasing rebounds. While a technical bounce around 4360 is likely to be triggered, from a trend structure perspective, breaking below this support level is just a matter of time.

Short in batches in the 4440-4480 range; add short positions on rebounds to 4500 and 4520, targeting 4300 and 4250. #黄金 $XAUT #现货