Muyao March 31 Morning Strategy

The bullish trend for gold remains unchanged! MACD is brewing a golden cross, and the rebound rally is pushing to new highs.
This week, gold pulled back to gather strength at the open, with the bulls steadily rebounding. Previously, our predictions were accurately fulfilled! On Friday midnight and over the weekend, I recommended a strategy of going long at 4430-4440 and adding positions at 4400-4410. This morning’s pullback provided an excellent entry point, and the long positions have already been profitably closed.
The current trend is clear: buying on dips remains the core approach, and do not operate against the trend.
Subsequently, the gold bulls will gradually gain momentum, first testing the short-term resistance at 4590-4600, with the medium-term target at 4800-4810, a key level.
From a technical perspective, MACD is below the zero line and is brewing a golden cross. Meanwhile, the K-line will oscillate upward in sync; once the golden cross forms and breaks through the zero line, a new round of short-term strong attack is likely to begin, confirming the short-term rebound trend.
Based on the closing trend, pay attention to the short-term resistance at 4590-4600 and the key pressure at 4690-4700. Support is at the core support zone of 4460-4480. This is the ideal entry zone for long positions tonight.
I will keep monitoring real-time market movements and precise operation points, and will promptly provide updates. Please stay tuned.
Gold Trading Suggestions:
Buy in stages on dips at 4460-4480, and if a deep pullback occurs to 4430-4440, add to long positions with a stop loss at 4410. Target levels are 4690-4710. If the market breaks through, hold for higher levels.
Reminder:
The above analysis is Muyao’s personal view. Markets are unpredictable and ever-changing. This content is for reference only and does not constitute any investment advice!