Spot Gold Analysis for March 30, 2026

Last week, gold prices first plummeted then fluctuated and rebounded, showing an overall "bottoming out and recovering" trend. At the beginning of the week, influenced by hawkish Fed expectations, prices dropped sharply, reaching around $4,370; later in the week, oversold conditions were corrected, and on Friday, prices rebounded strongly, closing the week around $4,490, a typical "sharp decline followed by stabilization and rebound" pattern.

The core issue remains the weakening of Fed rate cut expectations, with the strong dollar and U.S. Treasury yields exerting downward pressure on gold prices. Although there is conflict in the Middle East, risk aversion remains moderate. This week, focus on U.S. PCE data; if the data leans hawkish, gold may retreat, while dovish signals could support a rebound.

Short-term support levels are at $4,380–$4,400; breaking below could lead to further declines. Resistance levels are at $4,550–$4,600; if surpassed, prices may rally further but could also reverse. Today is likely to see a "gap up at open, then decline, followed by a rebound" trading pattern, with neutral indicators.

Trading suggestions: Open high and push toward $4,530–$4,550; consider light short positions with a stop-loss above $4,580, targeting $4,470–$4,450. Look for a pullback to $4,400–$4,420 to stabilize, then consider light long positions with a stop-loss below $4,370, targeting $4,480–$4,520.

These are personal suggestions for reference only and do not constitute investment advice. Please follow the layout of Cheng Jingsheng and Shipan for specific strategies!!$XAU