March 4th Gold Midday Latest Trend Analysis and Trading Strategy

The US dollar is strongly rallying, causing gold to drop sharply by over $300. After testing the lows, it stabilized and rebounded to around 5190, facing resistance again. Currently, the market remains in a range-bound pattern, with trading strategies focusing on buying low and selling high.
Geopolitical conflicts continue to escalate, and the risk aversion sentiment still provides temporary support to gold prices. After breaking through the 5000 level, gold quickly recovered, with strong support below.

Recently, the US-Iran situation has been escalating with a risk of losing control, intensifying panic in the energy markets and further boosting inflation expectations, which provides long-term support for gold prices.

Today’s Non-Farm Payrolls report suggests a continued rebound above 5100, aiming for the 5205 level again. If broken through, the next target is the 5300 resistance. Of course, if it faces resistance again at 5205 and falls back, watch for a pullback to the 5100 level. If this level is broken, continue to look at the support at 4995. #美伊局势影响 #比特币保持坚挺 #原油价格飙升 #XAU