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3.23 Jian Xi Morning Review
Gold's downtrend remains unbroken, continuing the pattern of breaking lows and moving lower. Early Monday session opened low and moved lower, touching the 4420 line before a slight rebound. The rebound strength is overall weak, currently maintaining a weak bottom-probing pattern.
The medium-term trend continues to skew bearish for further downside exploration, with price action completely aligned with last week's bearish continuation forecast. Before clear bottom signals emerge, avoid blindly bottom-fishing and chasing rebounds. While 4360 vicinity likely triggers technical pullback, from a trend structure perspective, breaking below this support level is only a matter of time.
Sell in batches within the 4440-4480 range. On rebounds to 4500 and 4520, add to short positions. Target levels are 4300 and 4250. #黄金 $XAUT #现货