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Spot gold short-term trading advice: high-level consolidation, sell on rallies, buy on dips

Spot gold short-term trading advice: high-level consolidation, sell on rallies, buy on dips

汇通财经汇通财经2026/03/04 02:07
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(1)Analysis Reason: The US Dollar Index remains strong, exerting pressure on gold prices, but the safe-haven demand brought by the Middle East situation still exists, limiting the depth of gold's pullback. Rising oil prices are pushing up inflation expectations, making the market more cautious about the timing of the Federal Reserve's rate cuts. Short-term interest rate expectations are hawkish, imposing certain constraints on gold. From a technical perspective, after surging, gold has entered a high-level consolidation phase. The daily chart is still running above the main moving average system, and the medium-term trend has not been damaged. Short-term momentum has slowed somewhat, but no trend reversal signals have appeared, overall belonging to a strong consolidation pattern.(2)Key Focus: US Treasury yields, US Dollar Index, geopolitical situation(3)Resistance: 5200, 5250, 5300(4)Support: 5100, 5050, 5000;
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