Gold Brother Daily Wealth — 3.11 Gold Midday Strategy: The Night Before CPI Battle at 5200, Consolidating at High Levels and Waiting for a Breakthrough!

Today’s early trading saw gold stabilize after falling to 5183, then quickly rebound, reaching a high of 5223. The long positions around 5180 previously set up were successfully realized for nearly $50 profit. Currently, the market is oscillating around the 5200 level, showing a high-level consolidation pattern, with market sentiment becoming more cautious.

The ongoing Middle East geopolitical situation continues to provide safe-haven support for gold prices, but as market expectations for conflict easing increase, short-term safe-haven buying has weakened. Market focus shifts to the upcoming evening CPI data release, with both bulls and bears generally waiting and watching for key data to guide the direction.

From a technical perspective, gold prices surged early but then pulled back, indicating clear resistance above 5220; meanwhile, buy orders repeatedly supported the 5180-5190 zone, with support below being relatively solid. Overall, the market shows a pattern of resistance above and support below, still digesting previous gains, with the short-term trend remaining uncertain.

Trading Recommendations
Suggest buying in batches around the 5180-5190 zone, targeting 5250 and 5280 respectively. Maintain strict risk control and wait for the CPI data to be released before deciding on the direction.