Golden Weekend Market Close Review: Bottom Formation Basically Complete, Watch for Rebound on Monday Before Going Short

Dig Gold Old Cat
March 15, 2026
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The market never disappoints patient hunters; every fluctuation is a test of rhythm. Staying calm and maintaining composure is the key to capturing your own profits.

Currently in a market closure period, international gold officially halted trading early Saturday morning, with trading resuming Monday at 6 AM. Before the halt, the price continuously declined from the high of 5238, briefly stabilized near 5009, and closed around 5018 with narrow-range consolidation. After consecutive declines, the bottom formation at the low levels has basically been completed, and in the short term, there is no condition for a significant further decline.

From a technical perspective, the hourly BOLL channel's downward opening has shown some convergence, with prices forming clear support in the 5000–5010 zone. The short-term rebound momentum is gradually strengthening, and after Monday’s opening, the market is likely to first move upward to correct, focusing on a rebound to the 5080–5100 range. The 5100 level is a key resistance; only if it is broken and held can the upside be further opened. If the price faces resistance at this level and falls back, the market will still revert to weak oscillation.

On the news front, last week’s strong US non-farm payroll data delayed market expectations for Fed rate cuts, keeping the dollar relatively strong and exerting some pressure on gold. This week, key CPI data will be released; before the data, the market remains cautious overall. Gold is unlikely to break out with sharp upward or downward moves, mainly oscillating within a range, with initial rebounds followed by pressure.

Overall, on Monday’s open, gold first looks for a bottoming rebound at low levels, targeting the pressure zone around 5100. As long as 5000 is not effectively broken downward, the short-term rebound structure remains valid. If the rebound stalls at around 5100 without strength, then it’s advisable to follow the trend and consider short positions. Be flexible in thinking, consider both sides, and follow the market rhythm accordingly.