Muyao March 31 Morning Strategy

The bullish trend for gold remains unchanged! MACD is brewing a golden cross, and the rebound rally is pushing to new highs.

This week, gold opened with a pullback to gather strength, and the bullish rebound is steadily progressing. Previously, my predictions were accurately fulfilled! On Friday midnight and over the weekend, I recommended a strategy of going long at 4430-4440 and adding positions at 4400-4410. This morning’s pullback provided an excellent entry opportunity, and the long positions have already been profitably closed. The current trend is clear: pulling back to buy remains the core approach, so avoid trading against the trend.

Going forward, gold bulls will gradually gain momentum, first testing the short-term resistance at 4590-4600, with the medium-term target at 4800-4810, a key level. From a technical perspective, the MACD is below the zero line and is brewing a golden cross. Meanwhile, the K-line will oscillate upward in sync; once the golden cross forms and breaks through the zero line, a new round of short-term aggressive moves is likely to begin, confirming the short-term rebound trend.

Based on the closing movements, pay attention to the short-term resistance at 4590-4600 and the key pressure at 4690-4700. Support is found at the core support zone of 4460-4480. This is the ideal entry zone for long positions tonight. I will keep monitoring real-time market movements and provide timely updates on precise entry points. Please stay tuned.

Gold Trading Suggestions:
Buy in stages on dips to 4460-4480. If there is a deep pullback to 4430-4440, add to long positions with a stop loss at 4410. Target the 4690-4710 range. If the market breaks through, hold for higher levels.

Reminder:
The above analysis is based on Muyao’s personal insights. Markets are constantly changing, so this content is for reference only and does not constitute any investment advice!