March 5th Gold Midnight Latest Trend Analysis and Trading Strategy

Yesterday's ADP Non-Farm Employment Change data showed an increase of 63,000 jobs, significantly exceeding expectations, which provided short-term bearish pressure on gold and further suppressed market expectations for rate cuts. On the other hand, Dubai air freight disruptions directly affected approximately 20% of global gold circulation, leading to a noticeable tightening of physical gold supply; coupled with ongoing tensions in the Middle East, safe-haven demand remains high.

The negative data impact is gradually being absorbed by the market. With dual support from safe-haven demand and physical supply shortages, it is unlikely for gold prices to experience a deep decline.

From a technical perspective, gold prices are steadily above the short-term moving average, with the MACD bullish signal continuing. A rebound from key support levels has stabilized, indicating an overall oscillating but relatively strong pattern.

Trading Strategy: Continue to buy low within the 5130–5140 range, targeting 5185 and 5220. Place stop-loss orders at 5120. Focus on trend-following positions. #加密市场上涨 #比特币反弹 #美伊局势影响 #XAUT