Here is a summary of the gold market performance and trading outlook for the last 2-3 days:

• Current Trend: The market has experienced a sharp decline. In Pakistan, the price per tola dropped by approximately Rs. 24,300 today compared to yesterday (March 18).

• International Market: Spot gold is currently trading around $4,750 - $4,830 per ounce. It has broken below the psychological support level of $5,000, which is a bearish signal for short-term traders.

• Key Drivers:

• Federal Reserve Impact: The US Fed kept interest rates unchanged (3.50%–3.75%) and signaled fewer rate cuts for 2026, which has strengthened the US Dollar and put pressure on Gold.

• Technical Breakdown: Analysts note that gold has broken its 50-day moving average support. If it stays below $4,960, it might test lower levels near $4,600.

• Short-term Outlook: The market is currently in a "sell-on-strength" phase. However, long-term forecasts from banks like J.P. Morgan remain bullish, with year-end targets still reaching toward $6,000+ due to central bank buying and geopolitical tensions.

Trading Tip: If you are looking to buy, experts suggest watching the $4,700 support level. A bounce from there could offer a recovery, but a drop below might lead to further w