3.19 Gold Rally is a Sell, Long Position Liquidation is Imminent

Gold's sharp decline has likely left many investors holding long positions opened at higher levels. If stops weren't executed, most are now in a trapped state. Given the current unfavorable market conditions, it's basically very difficult to break even on exit. If you also have trapped positions, feel free to communicate with me, and I'll develop a corresponding liquidation strategy based on your situation!

Market Review: Gold opened yesterday at $5011, reached a high of $5016, but bulls showed weakness. During the European session, it suddenly plunged, quickly testing $4900, with the US session continuing the decline to a low of $4800, falling over 200 points in a single day.

On the daily chart, bearish candles are aligned, MACD green histogram expanding, RSI oversold but no reversal yet, KDJ oversold. On the 4-hour chart, price has broken through the 5-day, 10-day, 20-day, and 30-day moving averages. The short-term downtrend channel is fully open, and the medium-term uptrend has been damaged. MACD shows a death cross with expanding negative values, with concentrated bearish momentum release; however, KDJ K-value has dropped to 13.66, entering deep oversold territory with short-term technical recovery expectations. Current key support sits at **$4800-$4780**. If consolidation holds in this range, a small rebound may occur. If broken, further downside toward the medium-term support zone of**$4700-$4600**is possible. Upper resistance to watch:**$4900-$4950**. Though there's temporary stabilization, no reversal has appeared; bears remain in control.

Gold Trading Strategy: Scale short on bounces at $4870-$4880, stop loss at $4920, target $4800

Disclaimer: The above content is merely personal thoughts and viewpoint sharing, and does not constitute trading advice.