March 24, 2026 Spot Gold Morning Analysis

Yesterday's gold price movements were extreme, first plummeting over 400 points, then in the evening stimulated by Trump's remarks on US-Iran easing, it surged violently by 200 points, followed by a rebound of nearly 400 points, creating a sharp V-shaped reversal with massive volatility.

The core of the news is Trump's statement, with Middle East conflict expectations cooling down and safe-haven funds flowing back, driving rapid gold price rebound; meanwhile, the Federal Reserve's hawkish tone remains, with the high interest rate environment still suppressing gold prices, and mixed signals causing extreme market volatility.

From a technical perspective, after the sharp decline and quick recovery, the short-term has entered an oscillation correction phase, with oversold indicators showing some correction. Key support below is at 4300-4350; if this level holds, the rebound is expected to continue; resistance above is at 4480-4500, where it will likely encounter obstacles and pull back.

Today's strategy: treat the market with an oscillation mindset, avoid chasing rallies or panic selling, use light positions to short at resistance levels, and try going long with light positions at support levels. Be sure to strictly control position sizes and set proper stop losses to manage high volatility risk. It is suggested that when the price pulls back to around 4330-4300, you can add longs in batches, with targets around 4390-4420-4450, with stop losses set around 4280.

The above is merely personal advice for reference only and does not constitute investment basis. Please refer to Cheng Jingsheng Shiping's specific layout!! $XAU ‌#XAU