March 10th Gold Morning Latest Trend Analysis and Trading Strategy

Today is the second trading day of daylight saving time. Gold opened high at 5147 in the morning, about $10 above yesterday’s closing price of 5136. As of 8:10, the gold price is fluctuating between 5117 and 5156. Yesterday, gold tested lows multiple times and rebounded, perfectly aligning with our low-buying strategy, with precise rhythm control. From a technical perspective, gold has gradually shifted to a bullish pattern, with bullish momentum brewing. The recent core rhythm is characterized by a dip followed by a rally after testing lows. Overall, this week will mainly see oscillation and adjustment, with the key threshold at 5230. If broken effectively, the bulls will surge; otherwise, the price will continue to consolidate within a range.

In short-term trading, we still adhere to the core idea of buying on dips, and short-term oscillations should not change our direction. Pay close attention to two support zones below: short-term support at 5070-5075, with a strong core support at 5048-5050. These two levels are critical references for positioning long positions. On the upside, focus on resistance at 5200-5205, which will be the key area for short-term bulls and bears to contest.

Today’s morning trading strategy is clear: when gold pulls back to the 5050-5060 range, gradually enter long positions. The initial target is 5150; if broken, aim for 5200, and if the level is broken, continue holding. During the trading day, I will provide precise entry and exit points based on real-time market dynamics. Stick to prudent operations, follow the trend, and avoid emotional chasing of highs or panic selling. #Gate2月透明度报告 #国际油价突破100美元 #微策略再砸12.8亿美元增持BTC #XAU