Gold Analysis 2026/03/12

【Yesterday's daily chart】

Bearish candle

【Daily Oscillator】

Long-term up

Short-term hidden

【Perspective】

Up

【4-hour chart】

From the right shoulder of the head-and-shoulders pattern, unable to break above the 5227 bearish candle; second bearish candle outside

This morning, almost at the center of the range

Due to the 75MA being parallel, there is a strong impression that it could fall sharply.

【Indicators being watched】

Bollinger Bands -2σ and 200 EMA

【Perspective】

Range

【Other short-term notes】

1-hour chart shows a downside bias due to breaking below 75/200MA

Will monitor the 30-minute 75MA level that became the origin of the decline, or the 15-minute 75MA touch where a pattern emerged during the drop

【Important horizontal support/resistance lines (all in the nearby zones)】

5227 ~ 5660

5120

5068

5017