# March 18, 2026 Spot Gold Evening Analysis

Gold weakened throughout the day, consolidating around 5000 during the Asian session. The European session saw a direct plunge with sharp declines, while bulls showed no resistance. The evening low touched 4834, with the current price recovering to around 4862. The intraday decline exceeded 170 points, breaking through multiple key support levels, with the trend completely weakening and bears taking full control.

The core driver is the Fed decision in the early morning. The market widely expects rate cuts to be significantly delayed, with the US dollar and Treasury yields strengthening simultaneously, forming a dual headwind suppressing gold prices. Combined with concentrated profit-taking from high positions and continuous capital outflows, gold has lost upward momentum. With light news flow in the evening, weakness is driven purely by technical inertia.

Current price: 4862. The short-term trend is extremely weak, with both daily and hourly charts showing unilateral downtrends and very weak rebound strength. Resistance above at 4900 and 4930. Support below at 4830-4800 for the short-term. Currently showing no stabilization signals. Avoid blindly buying the dip. The evening session should remain predominantly weak and volatile downward.

Overall, gold's bearish trend is clear. Evening strategy focuses on selling into rebounds, avoiding chasing shorts or buying dips. Re-accumulate long positions by batches when prices stabilize around 4830-4800, targeting 4880--4900--4920 levels!!

The above is personal advice for reference only and does not constitute investment basis. Please refer specifically to Cheng Jingsheng's specific layout for details! #XAU $XAU