3.16 Tairanhuijin Daily Commentary:

Last week, gold price movements were volatile. The strategy provided by Tairan can be described as precise. From 5089 to 4960, we successfully captured 130 points of profit.

From the current market perspective, the struggle between bulls and bears is intensifying. Price showed strong rebound first, then declined from highs, followed by bottoming out and stabilization. Overall trend shows obvious fluctuations. Inflation data remains strong, rate cut expectations continue to decline, US Treasury yields remain elevated, and coupled with Middle East geopolitical situation impact, market sentiment remains uncertain.

The Federal Reserve's March 19th interest rate decision meeting is approaching. The market expects rates to remain unchanged, with rate cut expectations continuing to cool. Strong US dollar and Treasury yields continue to suppress gold prices. After last Friday's non-farm payroll data release, fund sentiment turned cautious, with bulls taking profit and standing aside.

Currently, gold is in an overall consolidation phase. Key resistance level is in the 5110—5130 range; support below first looks at the 4940—4960 zone.

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