March 31, 2026 Spot Gold Evening Analysis

Early in the session, gold prices experienced a slight pullback followed by a rebound with fluctuations. Overall, the price fluctuated within a wide range, with fierce battles between bulls and bears. Support around 4500 remains effective, and no clear breakout has occurred in the short term.

News Focus: Tonight, pay close attention to US PMI data, as fluctuations will directly influence gold prices. Coupled with repeated risk aversion sentiment, volatility is likely to amplify significantly tonight.

Technical View: In the short term, the price remains within a range, with key support at 4480-4500 and resistance at 4600-4620. Indicators suggest a sideways consolidation.

Tonight’s trading strategy should mainly focus on buying on dips. Look for opportunities near support levels to enter positions. When approaching resistance zones, consider reducing positions and taking profits. Be cautious about chasing orders before the data release. It is recommended to buy on dips around 4560-4530, with targets near 4580-4600-4650. Strictly set stop-losses and carefully manage position risk.

The above is only personal advice for reference and does not constitute investment recommendations. Please follow Cheng Jingsheng’s layout for specific trading decisions!!$XAU ‌#XAU