March 26, 2026 Spot Gold Evening Analysis

Gold fell first and then stabilized during the day, opening with a slight decline to around 5125, then gradually recovering. Overall, it oscillated narrowly in the 5130-5170 range with no significant moves from either bulls or bears, representing a shock recovery pattern.

The initial jobless claims data released in the evening came in lower than expected, indicating solid US employment, which is bearish for gold. However, the impact of this data is limited because the market has already been pricing in the Fed's no-rate-cut expectations. Combined with the safe-haven sentiment from the Middle East supporting gold prices, gold did not drop significantly after the data release, only fluctuating slightly.

Short-term remains in a consolidation pattern. Below, 5130 is strong support; breaking below would target 5100. Above, 5180-5200 is resistance; if unable to break through, it continues to oscillate within the range. On the daily chart, moving averages are flat with no clear directional signal—avoid chasing positions.

Evening strategy: Though the data is negative, its impact is limited. Continue watching for range consolidation and execute high-sell, low-buy tactics. Wait for breakouts to trade with the trend; don't hold on stubbornly. It's suggested that on rebounds to 5180-5200 area facing resistance, consider entering short positions with targets around 5140-5110 area. Stop loss near 5210!

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