Intraday gold price technical analysis: The price correction confirms support, and the upward target is to break through the 5200 level.

🔥 Market Review: Stable signals after bullish correction
Yesterday, gold prices rose first and then retreated. After peaking around 5,222 in the morning, prices began to fall and remained relatively weak throughout the day. However, as mentioned earlier, 5200 was a key level on Tuesday and proved to be a key indicator of price strength. These expectations were confirmed during yesterday’s US trading session, with the price finding support below 5200 multiple times before rebounding.

Today, the price of gold fell slightly to around 5126 and then quickly recovered. It has now rebounded above the 5150 mark. Looking at the price action, the current correction appears to be “more like a pause than a complete abandonment of the uptrend.”

🛢️Market news analysis: mixed signals, risk aversion logic still exists

Inflation conflicts with the US dollar: US February CPI data showed that inflation is still strong (2.4% year-on-year), shelving market expectations for another interest rate cut by the Federal Reserve. The U.S. dollar index rose, approaching its highest level in three months, putting downward pressure on gold prices in the short term.

Energy market transmission: Affected by the situation in the Middle East, global oil prices rose sharply, and the price of WTI once exceeded 92 US dollars. While oil prices have pushed up inflation expectations, fueled the Federal Reserve’s monetary tightening, and had a temporary impact on gold, in a market that only accommodates one safe-haven asset at a time, gold has only suffered a temporary impact. Safe-haven trading triggered by geopolitical risks continues.

Key takeaways: Despite the short-term strength of the U.S. dollar, conflicts in the Middle East (tensions in the Strait of Hormuz) continue to escalate and global supply chain concerns remain. Supported by risk aversion logic, the short-term decline in gold prices represents a buying opportunity.

📊 Technical Analysis: Correction Complete, Awaiting Bullish Attack

🕐Hourly chart (short-term): The adjustment of the technical pattern has gradually been completed, and the K-line began to fluctuate upward along the short-term moving average. Currently, the short-term trend is slightly higher; key resistance at $5,200 should be closely watched.

📈 Four-hour chart (Asia/European session): The technical pattern has gradually corrected, and the short-term moving averages (MA5/MA10) have turned bullish, indicating that the short-term trend is turning from weak to strong. Gold is currently in a consolidation phase; watch to see if it gains momentum during the European and US trading sessions.

🌐Daily chart (trend): Gold still fluctuates widely between 5000-5240. Although it closed lower yesterday, today’s decline and rebound indicate that the buying pressure below is strong, and the support level below the range is still valid.

💡Gold trading strategy (adjusted according to Asian/European trading sessions): The current rebound in gold prices from 5137 is very strong, indicating that the short-term adjustment may be over and a gradual upward move is about to begin. 🔥 Offensive strategy: Continue to buy gold near 5150-5140, stop loss at 5120, initial target 5210-5190; if it falls below, continue buying, target 5230-5240 area.

🛡️Conservative strategy: If the gold price falls to the 5130 area, it is recommended to increase the buying position, set the stop loss order below 5120, and the target remains unchanged.

⚠️Defensive strategy: If the price unexpectedly falls below 5130, beware of a larger drop. In this case, please focus on the second buying opportunity at 5100 points.

👨‍💼 Marketing Text and Lead Generation

🎯To followers: The market always rises in hesitation and ends in violent fluctuations. As we emphasized on Monday that “5200 is the dividing line between rise and fall”, trading does not rely on guessing, but on the execution of key levels!

Although the current rebound in the U.S. dollar is restricting gold prices, the logic of safe-haven demand remains unchanged. The rapid rise from 5126 points clearly shows that big investors are eager to buy low-priced stocks!

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