Muyao's Spot Gold Analysis for March 31, 2026, Afternoon

On the last day of March, gold prices surged early: opening around 4512, initially testing support at 4481, then bulls launched a strong attack, pushing prices up to around 4619, followed by a slight pullback, and trading sideways around 4560 at midday.

Due to tense Middle East tensions, safe-haven funds are疯狂 buying gold; expectations of Fed rate cuts have also intensified, weakening the dollar and U.S. Treasury yields, with these dual positive factors driving gold prices higher.

After a previous oversold rebound, prices showed strong recovery, breaking through the 4580 resistance in the morning. Short-term support is at 4550–4560; holding above this level could allow further advances. Resistance is near 4620; encountering resistance here may lead to a pullback.

Trading strategy: Do not chase high at midday; wait for a pullback to 4550–4560 for稳健 long positions, targeting around 4580–4600–4620, with a stop below 4530. Avoid盲目追 near 4620, trade with small positions, and take quick profits. Today’s volatility may trigger profit-taking and a potential pullback, so control your positions and set stops carefully for safety.

The above is only personal advice, for reference only, not investment recommendations. Please follow Muyao Shipan’s layout for precise trading!!