XAUUSD: Market Analysis and Strategy for March 17GoldOANDA:XAUUSDActuaryJGold Analysis: Daily chart resistance: 5238, support: 4850. 4-hour chart resistance: 5063, support: 4965. 1-hour chart resistance: 5040, support: 4995. In the previous trading day, gold rose in the Asian session, reaching $5035 before turning downwards, falling to $4972 before rebounding, closing at $5005. The daily chart closed with a doji, trading below the Bollinger Middle Band. The TRIX indicator remains in a death cross, and the MACD indicator shows increasing downward momentum, indicating a continued downward bias on the daily chart. On the hourly chart, gold rebounded after retracing to $4995 in the Asian session, currently trading around $5030. The 5-day and 10-day moving averages are trending upwards, the KDJ indicator has a golden cross, and other chart indicators are turning upwards. The MACD fast and slow lines are below the zero line, but the crossover is upwards, and the upward momentum is increasing, indicating a short-term upward bias. Given the current bearish trend on the daily chart, the intraday trading strategy for gold is to sell at resistance levels. Key resistance levels to watch are $5040 and $5062. Trading Recommendations: SELL: 5042~5047 SL: 5055 TP: 5020~5000 SELL: 5062~5070 SL: 5076 TP: 5030~5010