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16.03.202616:24 Analisis Forex & Kajian: Trading Signals for GOLD on March 16-19, 2026: buy above $5,046 (200 EMA - 8/8 Murray)

Relevance up to 10:00 2026-03-30 UTC--4

Exchange Rates 16.03.2026 analysis

Gold is trading around $5,014, below the 200-day EMA and the 21-day SMA, under downward pressure, and is likely to continue falling in the coming hours.

If gold consolidates above the 200 EMA around $5,046 and breaks above this zone, the uptrend is expected to continue, with the price potentially reaching the 21 SMA around $5,090 and possibly even the top of the uptrend channel around $5,100.

If gold breaks above the 21 SMA and above the bearish trend channel, this could be seen as a buying opportunity, and gold could then return to levels around $5,250—last week's high—and could even reach February's high around $5,450.

Conversely, as long as the instrument trades below the 200 EMA, it means downward pressure. So, the metal is likely to continue falling in the coming hours until it reaches the weekly S_1 support level around $4,896.

Given that gold is showing a positive signal according to the Eagle indicator, we could expect the price to consolidate above $5,046 and then open long positions. We must be cautious, as the price could reach this zone and face strong resistance.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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