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On Monday (March 24), gold prices remained strong at $3,030 in early trading in the U.S., boosted by news that U.S. President Donald Trump's next round of tariffs will be milder than previously expected. However, as economic data hinted at the hidden risks of tariffs, gold prices fluctuated sharply, falling more than $15 in the short term. As of press time, spot gold was trading at $3,011.51 per ounce. The latest data released on Monday showed that the initial value of the S&P Global Manufacturing PMI in the United States in March was 49.8, a three-month low. The initial value of the S&P Global Services PMI in the United States in March was 54.3, a three-month high. The initial value of the S&P Global Composite PMI in the United States in March was 53.5, a three-month high. Although the market remains wary of the geopolitical reshaping that Trump may cause and the impact of tariffs, investors continue to pour into the gold market for safe-haven demand. Since 2025, the price of gold has risen by about 15% in total, breaking through the $3,000 per ounce mark for the first time. According to officials familiar with the matter, the Trump administration's tariff plan may be more targeted rather than the comprehensive, global taxation previously envisioned. This adjustment is expected to ease inflationary pressure and increase the room for future interest rate cuts, which is beneficial to interest-free assets such as gold.
Gold technical analysis:
The price rebounded in the 4-hour level and began to fall after touching the previous pressure zone. The short-term moving average continued to maintain a downward divergence and continued to be weak in the short-term trend. The price began to slowly fall below the short-term terraced support band, tending to have a downward space in the short-term trend. The short-term trend began to stabilize slightly after a wave of rapid declines. Attention will be paid to whether there will be a second decline after a small rebound repair in the late trading.
On the whole, today's gold short-term rebound short-term thinking is mainly rebound and long, supplemented by callbacks. The short-term focus on the upper short-term resistance of 3023-3028 and the short-term focus on the lower short-term support of 2993-2988.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD GOLD
On Monday (March 24), gold prices remained strong at $3,030 in early trading in the U.S., boosted by news that U.S. President Donald Trump's next round of tariffs will be milder than previously expected. However, as economic data hinted at the hidden risks of tariffs, gold prices fluctuated sharply, falling more than $15 in the short term. As of press time, spot gold was trading at $3,011.51 per ounce. The latest data released on Monday showed that the initial value of the S&P Global Manufacturing PMI in the United States in March was 49.8, a three-month low. The initial value of the S&P Global Services PMI in the United States in March was 54.3, a three-month high. The initial value of the S&P Global Composite PMI in the United States in March was 53.5, a three-month high. Although the market remains wary of the geopolitical reshaping that Trump may cause and the impact of tariffs, investors continue to pour into the gold market for safe-haven demand. Since 2025, the price of gold has risen by about 15% in total, breaking through the $3,000 per ounce mark for the first time. According to officials familiar with the matter, the Trump administration's tariff plan may be more targeted rather than the comprehensive, global taxation previously envisioned. This adjustment is expected to ease inflationary pressure and increase the room for future interest rate cuts, which is beneficial to interest-free assets such as gold.
Gold technical analysis:
The price rebounded in the 4-hour level and began to fall after touching the previous pressure zone. The short-term moving average continued to maintain a downward divergence and continued to be weak in the short-term trend. The price began to slowly fall below the short-term terraced support band, tending to have a downward space in the short-term trend. The short-term trend began to stabilize slightly after a wave of rapid declines. Attention will be paid to whether there will be a second decline after a small rebound repair in the late trading.
On the whole, today's gold short-term rebound short-term thinking is mainly rebound and long, supplemented by callbacks. The short-term focus on the upper short-term resistance of 3023-3028 and the short-term focus on the lower short-term support of 2993-2988.
XAUUSD XAUUSD GOLD XAUUSD XAUUSD GOLD Note
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.