2026-03-12 11:54:05

Gold Evening Review!

Good evening everyone. Today, gold traded with a dip followed by a rise during the daytime session. It initially tested the 5125 level and stabilized, then rebounded in the afternoon as bulls gained momentum, pushing prices up to around 5186, approaching the previous high of 5191. Short-term bullish momentum remains strong.

The key factors supporting the upward movement of gold are the ongoing geopolitical tensions in the Middle East, which boost safe-haven demand; the weakening of the US dollar and Treasury yields, which provide favorable support for gold prices. From a technical perspective, the short-term bullish trend is clear, with prices oscillating upward along moving averages.

Pay close attention to the 5191 resistance level; a confirmed breakout and sustained above it could lead to further gains in gold prices. If the price faces resistance and pulls back, it is likely to remain within a range.

Trading suggestions: If the price pulls back to the 5160-5180 zone and stabilizes, consider entering light long positions with a stop loss at 5150 and targets at 5250 and 5280.

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