March 12 Enzen Gold Market Review



**Morning Session:** Bottom fishing with recovery, narrow-range fluctuations; low touched 5125, high rebounded to 5175, volatility narrowed, bulls and bears testing, capital cautious.

**Midday Session:** Momentum weakened, range consolidation; oscillating around 5150–5170, intensified bull-bear battles, direction unclear, primarily consolidating through oscillation.

**Evening Session:** Pressure and decline, weak oscillation; affected by US dollar and interest rate expectations, rallied then retreated, resistance encountered at highs, volatility increased in evening.

**Core Conclusions:**

Asia-Pacific session bottom fishing, European session oscillation, US session decline, overall range-bound oscillation.
Monitor 5100–5130 support; if effectively held, bullish trend remains unchanged; breaking below 5000, correction trend established, gold returns to rationality.
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