Guo Shengshan:3.31Gold bottoms out and rebounds. Today's market analysis and operational suggestions

goldaspect:       　    　　       　    　　      　　

Wednesday(3month30day)Gold fluctuated in the Asian and European markets, and started to rise before the US market. The US market remained strong, with gold prices rising at their highest point1938Nearby. Investors have renewed doubts about the possibility of a ceasefire between Russia and Ukraine; At the same time, the decline of the US dollar also supported the rise of gold.

Judging from the current market situation, gold continued to rise on Wednesday after bottoming out on Tuesday, and the daily line closed a positive line. gold3month16The daily bottoming and rebound, this Tuesday bottoming and rebounding, forming a double needle bottoming pattern on the daily line, indicating that the support below is still relatively strong. At the same time, since the sharp rise and fall in the first half of the month, gold has been in a wide range of volatility recently, and we will continue to pay attention to the volatility situation in the short term.

For today's market, in the short term, it is recommended to pay attention first below1917/1915Nearby support, this is yesterday's low point position; If the market continues to decline, it is recommended to pay further attention1908Nearby support, this is Gold Self1890rise1938The Golden Section of0.618Location

Suggest following first above1938/1940Nearby resistance, this is yesterday's high point, and it is also the golden self1966fall1890The Golden Section of0.618Location, while also being an area of intensive trading in the early stages; Secondly, it is recommended to pay attention to1948The current resistance after the extension of the previous high point downward trend line of nearby resistance; If the market continues to rise strongly, it is recommended to pay further attention1963Nearby resistance.

Overall, it is recommended to focus on the following operating points for gold today:

Support:1917/1915、1908

Resistance:1938/1940、1948、1963

Explanation: The supporting resistance analyzed in the article is a preliminary planned position for intraday long short term trading, for reference only. The real-time specific strategy is mainly based on temporary market notifications.

Operation suggestions:

　　1940-1945Short nearby, stop loss5US dollars, look at the target1930

　　1908Long nearby, stop loss5US dollars, look at the target1918-1920