3.16 Tairan Huijin Daily Commentary:

Last week, the gold market experienced severe fluctuations. The strategy provided by Tairan can be described with the word "precise" - from 5089 to 4960, we successfully captured 130 points of space.

From the current market perspective, the battle between bulls and bears is intensifying. Prices first showed strong rebound, then declined at higher levels, subsequently tested bottom and stabilized, with overall volatility being evident. Inflation data performed strongly, rate cut expectations continue to decline, US Treasury yields remain at high levels, and coupled with Middle East geopolitical situation impact, market sentiment remains volatile.

The Federal Reserve's March 19th FOMC meeting is approaching, with the market expecting rates to remain unchanged, and rate cut expectations continuing to cool. The US dollar and Treasury yields strengthening continues to suppress gold prices; following last Friday's non-farm payroll data, fund sentiment turned cautious, with bulls taking profits and observing.

Currently, gold is overall in a consolidation phase, with key resistance levels in the 5110-5130 range; support below first targets the 4940-4960 band.

Suggestion: Enter short at current price 5010, trade short cautiously near 5030, targeting 4940-4900-4850