3.20 Gold Unilateral Plunge 300 Points, Cautious Bottom-Fishing
Market Review
Yesterday's opening price rebounded from 4827 to the 4804 level, reaching 4867, after which price rapidly declined to the intraday low near 4502 and rebounded to around 4648. Subsequently, price oscillated in the 4570-4650 range, and in the early morning hours after surging to 4663, it closed near 4651.
On the 4-hour chart, the overall structure remains weak, the moving average system shows a clear bearish arrangement, and the mid-term downtrend has not yet reversed. However, MACD bearish momentum is gradually decrea
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