GOLD TECHNICAL ANALYSIS: Overnight on a broad level, the daily chart of gold prices has formed a long-lasting uptrend since the low of $2,536.68, and prices are currently located near $3,300, significantly higher than all the major moving averages, which suggests that the long-term bullish momentum is still strong.

The golden cross pattern of the MACD indicator on the daily chart continues to develop, indicating that the long-term trend momentum remains upward. The daily RSI reading of 73.45 has entered overbought territory. It is worth noting that price recently broke above the $3,230.00 resistance level and subsequently extended its upward movement, which further validates the bulls' control of the market.

This year is unable to change the trend, there is a retracement of deep squatting or sideways finishing, are bullish timing; then today, once the report after the big sun K, 3245 top and bottom support above the backpedal are to continue to be bullish, as for the height of where, the monthly line of the third derivative of the wave according to the 2 times projected at 3444 a line, which is also the next stage of the target.

Short cycle 4 hours to see, as a strong unilateral move higher, pay attention to the 5 SMA support above 3310 continue to go bullish; from the 60-minute chart, the price of gold to maintain a strong upward momentum, is currently located in the vicinity of 3328 U.S. dollars.

Outlook for this trading day will usher in the European Central Bank interest rate resolution, the market is widely expected to decline 25 basis points; in addition, will also come out of the United States initial jobless claims change, the United States in March, the initial value of the annualized total number of building permits, the United States in March, the annualized total number of new housing starts, investors need to pay attention to. Friday for the Good Friday holiday, investors also need to beware of pre-holiday brokerage position adjustment.