3.26 Gold 3020 shock adjustment technical analysis

On Wednesday (March 26) in the Asian session, spot gold prices traded above $3,020/ounce, and the market is reassessing the potential impact of the latest U.S. tariff policy on global commodity liquidity.

Interpretation of intraday technical analysts:

The 60-minute chart shows that gold prices are at a critical decision point, with MA55 (3019.70) and MA14 (3015.83) gradually approaching, and prices stabilizing above MA200 (3009.71), and the short-term moving average system showing a bullish arrangement. It is worth noting that the price of $3,020 constitutes an important intraday balance point, the MACD indicator diverges from the bottom and presents a golden cross, DIFF (0.54) crosses DEA (-1.07), and the column expands to 3.20, indicating that momentum is accumulating. The three RSI lines are unified in the neutral area of ​​54.05, leaving room for price breakthroughs. The first resistance above is in the 3028-3033 range. If it breaks through, it will test the previous high of 3047; the 3011.67-2997.86 area below forms a dense support belt.

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Gold prices are at a critical technical node, with bullish momentum at the 60-minute level and adjustment demand at the 240-minute level in a confrontation. In terms of fundamentals, global trade liquidity concerns caused by tariff policies and ETF fund inflows provide support, but the potential strength of the US dollar may limit the upside. Technically, if the price can stand above the 3027.50 Fibonacci resistance and accompanied by increased trading volume, it may trigger CTA strategy follow-up buying and push prices to test the 3050 area. On the contrary, if the psychological level of 3000 is lost, the market may fall back to the 2971-2997 support band for consolidation.