Gold Spot / U.S. Dollar
Short
Updated

Gold Outlook – Steady Range Before Key Data Hits

122
🟡 Market Context:
Gold has been trading in a steady range since the start of the week, with no significant breakout or momentum shift observed.
Today’s session is expected to remain quiet, as there are no major economic events scheduled.

All eyes are on the Thursday GDP release and Friday’s PCE inflation data from the US — both of which are likely to determine the direction for gold into the end of the month and quarter.

📆 Key Data to Watch:
Thursday: US Quarterly GDP

Friday: US PCE Price Index (Federal Reserve’s preferred inflation gauge)

These events are considered high-impact catalysts that may trigger sharp moves in gold, especially if surprises occur.

🔍 Technical Structure:
Price continues to respect key support and resistance zones identified earlier this week.
There is no confirmed breakout yet, so the strategy remains range-based:

➡️ Trade the levels. Watch for reaction signals at extremes.
➡️ Wait for clearer momentum following the macro releases.

🧭 Key Price Levels:
🔺 Resistance: 3,010 – 3,036 – 3,046 – 3,057
🔻 Support: 3,010 – 3,001 – 2,988

🎯 Trade Plan – 26/03
BUY ZONE: 2988 – 2986
SL: 2982
TP: 2992 – 2996 – 3000 – 3004 – 3008 – 3015

SELL ZONE: 3045 – 3047
SL: 3051
TP: 3042 – 3038 – 3034 – 3030 – 3026 – 3020

🧠 Final Notes:
The market remains in accumulation mode ahead of key US data.
No need to rush — protect your capital, wait for clean setups, and let the market reveal its hand.

— AD | Money Market Flow
Trade active
snapshot

🟡 GOLD UPDATE – INTRADAY VIEW
Gold has continued trading within the same sideways range from the Asian session until now, just as AD mentioned earlier.

However, if you look at the lower timeframes (M5, M15, M30), you’ll notice a series of higher lows forming throughout the day — but still no breakout above the key resistance levels.
AD’s view remains the same: price is compressing, and a strong breakdown is likely coming soon.

📊 Just now, two medium-impact (orange) news releases came out.
While not major, both data sets are supportive for the USD, and we've already seen gold drop about 7–10 points in reaction.

🎯 Current View & Strategy:
Still focusing on playing the range between two key zones:

Upper zone: 3030 – 3035

Lower zone: 3015 – 3010

Unless there’s a clean breakout, just trade the highs and lows — watch how the range behaves as we get closer to the session close.
⚠️ The tighter the range gets, the more cautious you should be. Sometimes the best move is to stay out and wait.

Stay sharp, respect your zones, and trade smart! GOOD LUCK!
Trade closed: target reached
snapshot

✅ GOLD TRADE RECAP – CLEAN HIT ON BUY ZONE 🎯
📌 BUY ZONE shared yesterday during the US session:
3015 – 3010

⏱️ Price reacted perfectly and followed through to TP.
📈 +120 pips locked in by the end of the session!

This is why planning your levels and respecting market structure matters.
Simple setup, clean execution — congrats to everyone who followed!

🔥 More intraday levels coming up – stay sharp and follow for real-time plans.

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.