March 31, 2026 Spot Gold Midday Analysis

On the final day of March, gold prices surged early: opening around 4512, initially testing support at 4481, then bulls launched a strong attack, pushing to around 4619, followed by a slight pullback, and trading sideways near 4560 at midday.

Due to tense Middle East tensions, safe-haven funds are疯狂买黄金; expectations of Fed rate cuts have increased, weakening the dollar and U.S. Treasury yields, providing a double boost to gold prices.

After a previous oversold rebound, the market showed strong recovery, breaking through the 4580 resistance in the early session. Short-term support is at 4550–4560; holding above this level could lead to further advances. Resistance is near 4620, where a pullback may occur upon encountering resistance.

Trading strategy: Do not chase highs at midday; wait for a pullback to 4550–4560 for cautious long positions, targeting 4580–4600–4620. Stop-loss below 4530. Avoid blindly chasing near 4620; keep positions light and trade quickly in and out. Today’s volatility may lead to profit-taking and a potential pullback risk, so control your position size and set proper stop-losses for safety.

The above is only personal advice, for reference only, not investment advice. Please follow Cheng Jingsheng's layout for specific trading strategies!!$XAU ‌#XAU