# Gold Market Review & Strategy Analysis

Jujin Laomao
March 24, 2026

The market never disappoints patient hunters. Every precise forecast is the best tribute to the trend.

After the gold opening last night, it surged to around 4536 where it faced resistance and retreated. Subsequently, it initiated a one-sided downtrend. We decisively positioned short orders at the 4440 level, and the price declined all the way to the 4099 low, perfectly executing our short strategy and capturing substantial profits exceeding 300 points. Although prices rebounded slightly in the morning session, the overall trend remains bearish, with short-term rebounds appearing more like an opportunity for a second high short position.

From a technical perspective, the current price is trading below the middle band of the Bollinger Bands. The middle band at 4358 forms near-term resistance, while the lower band at 4194 serves as key support. The moving average system shows a bearish arrangement, with price consistently pressured below the moving averages, and bearish momentum still sufficient. Although the morning session exhibits an oversold rebound, it has not changed the overall downtrend structure, with limited rebound strength, more inclined toward weak correction.

For intraday operations, we maintain a bearish stance, with rebounds to the 4430-4450 zone suitable for continued short positioning. Targets first target 4350-4300, with a break aiming at levels below 4200. Should price unexpectedly break below the 4190 support level, we can follow the trend toward lower levels. Long positions are not considered for now, with only ultra-short scalping at key support levels. The overall strategy remains primarily trending short at higher levels.

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Disclaimer: The above analysis is merely a personal trading perspective and does not constitute any investment advice. The market carries risk; please trade cautiously.