3/25 Gold Trading Strategy - Gold Builds Bottom at Low Levels with Rebound Target of $4600

In recent days, international gold has stopped weakening after the previous sharp decline and has begun to gradually rebound. Gold prices continue to rise and are approaching the key level of $4,600. The pattern of building a bottom at low levels has become very evident, with buying interest at low levels increasing continuously, and the short-term rebound trend becoming increasingly clear. Today, gold prices are likely to consolidate higher, with the focus on whether it can break through the $4,600 level.

From a news perspective, the previously suppressive Federal Reserve's hawkish rate hike expectations have gradually weakened, and the market is now expecting subsequent rate cuts. The U.S. dollar and U.S. Treasury yields have begun to decline after rising, significantly reducing the resistance to gold's upward movement. Combined with ongoing instability in the Middle East, safe-haven funds continue to flow into the gold market, and global central banks are continuously buying gold. Long-term demand has established a solid foundation for gold prices. This bottom-building rebound has sufficient support, making it difficult for sharp crashes to occur in the short term.

From a technical perspective, gold prices have completed the bottom-building process in the $4,300-$4,350 range, with the 4-hour moving averages showing an upward trend and sufficient rebound momentum. Around $4,420, a strong short-term support has formed, with multiple pullbacks quickly recovering, leaving little room for further decline. Currently, gold prices are steadily approaching $4,600, a level that was both a previous breakout point and a resistance level of concern. Once it breaks through, further upside is possible; even if there is short-term pressure, it will only be an adjustment in the rebound process and won't change the overall upward trend.

Looking at today's market, gold prices overall show a consolidation with upward bias, likely to test resistance at $4,600-$4,650, with the trend focused on pullback consolidation and steady advancement. Support below is seen at $4,420-$4,450; consolidation at this level would be a good entry opportunity. Resistance above is first at $4,550, with potential to reach $4,650 after a breakout.

Operationally, it is recommended to focus on going long at low levels and following the trend, avoiding counter-trend short positions. At the same time, strictly set stop-losses to control risk. The gold bottom-building is now clear, and the rebound trend has formed. Seize the opportunity to build positions at low levels and wait for gold prices to continue rising and breaking through.