Gold surges strongly at midnight, continuing the bullish trend

Gold Digger Old Cat
March 31, 2026, Midnight

The essence of trading is to follow the trend; never fight against it. In a clear bullish market, only buy on dips, avoid guessing the top, and do not trade against the trend. Today, spot gold moved in a one-sided volume-uptrend, opening at 4513.52, dipping to a low of 4482.73, then continuously rising. Before midnight close, the price reached a high of 4630.06. Currently quoted at 4613.15, the daily increase exceeds 2.26%. The bulls are fully dominating the market, and the midnight session will continue the strong upward momentum. Only minor pullbacks at high levels may occur for confirmation. The overall direction is clearly bullish, and no counter-trend short positions are recommended.

From the news perspective, geopolitical risks continue to escalate, combined with market expectations of Fed rate cuts, providing strong support for gold. The weakening dollar further amplifies gold’s upward momentum. The fundamentals align perfectly with the technical bullish trend, providing solid logic for the market to rise.

From a technical perspective, the 1-hour Bollinger Bands are opening upward and diverging, with prices running close to the upper band, indicating a typical strong bullish trend. The midline around 4560-4565 is the core support zone for this rally. As long as it is not effectively broken, the bullish trend will not reverse. The MACD indicator shows increasing red bars, with both lines diverging upward above the zero line, indicating ample bullish momentum. The midnight session still has room for further gains, with short-term pullbacks triggered only when the red bars shrink, not a trend reversal.

For midnight trading, the main idea is to buy on dips, with a focus on buying in the 4590-4595 area in batches, with a stop loss at 4578. Targets are 4630-4640, and if broken, hold for 4660. Do not chase at high levels; if the price surges directly above 4640, consider light short positions with a stop at 4650, targeting 4610-4600. Quick in and out, avoid holding positions overnight.

This analysis is for personal trading ideas only and does not constitute any investment advice. Markets carry risks; trade cautiously. Profit and loss are your own responsibility.