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Analysis of gold trend on March 24:

Analysis of gold market trend next week: Analysis of gold news: Spot gold fell 0.7% on Friday (March 21) to $3,023.61 per ounce. Spot gold fell sharply, once falling below the $3,000/ounce mark, down nearly $50 from its historical high. As concerns about the possible further escalation of the US-led trade war continue to ferment, global markets are once again in turmoil. As the White House is expected to announce a new round of tariff plans on April 2 (the specific details are still unclear), gold continues to benefit as a safe-haven asset, hitting a record high of $3,057.49 per ounce last week. Gold prices have hit 15 record highs in 2025, continuing last year's strong gains, and investors continue to seek asset havens. Geopolitical conflicts in the Middle East and Ukraine have further enhanced the appeal of gold.

Gold fell yesterday, falling below $3,000 at its lowest, and then gold began to rebound strongly. The gold market has begun to fluctuate, so what should gold do next week? Will gold continue to rise or will it start to change at a high level? In fact, overall, if we say that gold has peaked now, it is too early, because there are still many uncertain factors to stimulate the increase of risk aversion, so it is possible that gold will rise again. However, the impact of news is only one aspect of our reference. After all, we cannot know a lot of information in time. We can only pay attention to the existence of this risk factor, so there is no need to be too speculative. We still start from the technical level.

The 1-hour moving average of gold begins to turn downward. As long as gold does not pull up strongly next week, the 1-hour moving average of gold may continue to start downward. Finally, if a downward dead cross short position is formed, then the downward space of gold can be truly opened. The resistance of gold moving average is now It has moved down to near 3036. The high point on Friday is at the 3037 line for the second rebound. Then there is still some resistance for gold in this range. Gold can bear the resistance in this range next week and try short selling first. If it rebounds around 3030-3035, you can try short selling.

Trade active

Dear Traders:

Have a great weekend and a time of relaxation and reflection. The gold market has experienced relatively violent fluctuations this week, but it also provides us with new opportunities and challenges. The following are some weekend summaries, hoping to provide some inspiration for your investment decisions:

Market Review and Outlook
This week, gold prices have been affected by a variety of factors, including global economic data, geopolitical developments and policy trends from the Federal Reserve. Despite high market volatility in the short term, gold’s long-term value as a safe-haven asset remains solid. It is recommended that you pay attention to global macroeconomic dynamics during the weekend, especially the Fed's monetary policy direction, which will provide important guidance for next week's trading.

Risk Management
Risk management is particularly important in volatile markets. Whether you are a short-term trader or a long-term investor, setting stop loss and take profit points reasonably is the key to protecting funds. The weekend is a good time to review trading. It is recommended to review this week's trading strategy, evaluate risk exposure, and ensure that next week's trading plan is more robust.

Emotions and mentality
Investing is not just a game of numbers, but also a contest of mentality. Market fluctuations can easily trigger emotional fluctuations, especially in highly volatile assets such as gold. Weekends are a good time to relax and adjust your mindset. Only by staying calm and rational can you make wise decisions in the market.

Learning and Growth
The market is changing rapidly, and continuous learning is a necessary quality for every investor. You may want to take some time to read some of the latest analysis reports on the gold market or review classic trading strategies on weekends. The accumulation of knowledge will help you be more comfortable in future transactions.

Community Interaction
Our group is a community full of wisdom and experience. During the weekend, everyone is welcome to share their trading experience, market insights or questions. Through communication, we can learn from each other and make progress together.

Finally, thank you for your continued support and trust. I hope everyone can relax on the weekend and be fully prepared for the market challenges next week. No matter how the market changes, we always believe that gold, as a tool for preserving and increasing value, will continue to play an important role in future investments.

I wish you all a happy weekend and smooth trading!

Trade closed: target reached

Analysis of the latest gold trend:

Gold prices fell 0.7% last Friday due to the strengthening of the US dollar and profit-taking, and once hit the 3,000 integer mark during the session. However, geopolitical and economic uncertainties linger, and coupled with the expectation of the Fed's interest rate cut, gold prices are still supported by bargain hunting and safe-haven buying. Last Friday, gold prices closed at around $3,023.04/ounce, up 1.17% on a weekly basis, the third consecutive week of gains.

Last week, gold formed a head and shoulders top as expected and began to fall. The theoretical target of the head and shoulders top, 3,000, has been reached. With the weekly closing higher, it means that the bulls have not been released yet, and there is still upward momentum this week. From the daily gold chart, the market will next test the support of the 10-day moving average of 2995 and the middle track of 2952, and the bottom will continue to be bullish with the support of the 10-day moving average and the middle track. After the two negative lines at the current high level, be wary of the counterattack of the sun and build a "resistance line in front of the sun" pattern, which will repeatedly sweep the market and attract bulls again, so this is expected to become a staged top signal!

At the 4-hour level, after the market rose to the 3057 line, long positions took profits, and the market ran a downward trend, with the lowest price reaching the 2999 line. The current decline is just a correction to the previous rise. After the correction, it continues to be bullish. Last Friday, the market fell sharply and then bottomed out and rebounded, and rebounded in the late trading. As for whether the correction is over; from the perspective of the pattern, this wave of falling K-line runs a continuous Yin decline and double Yang correction to continue to fall. Next, we need to pay attention to whether the market will rebound three consecutive Yang to restart the rise, or turn to Yin to continue to fall. Overall, our professional and senior gold analyst team recommends rebounding shorting as the main strategy for gold short-term operation today, and callback longing as the auxiliary strategy. The short-term focus on the upper side is the 3035-3040 line of resistance, and the short-term focus on the lower side is the 3005-2995 line of support.

Golden_Think_Tank

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