Research Society - March 26, 2026

1. The expectations for interest rate cuts fluctuate, and geopolitical risk aversion cools down, leading to a pullback and consolidation in gold prices; central bank purchases support prices, with no unilateral trend in the short term.

2. Today's market shows wide fluctuations, first correcting and then making decisions; maintaining above 4500 is bullish, while dropping below 4480 indicates weakness.

3. Goldman Sachs: Still maintains an optimistic overall outlook on gold, with a year-end target price of $5400 per ounce.

4. Approximately $30 billion in foreign reserves consumed over three weeks; Turkey may be forced to use gold reserves to stabilize the exchange rate.

Today's reference range for fluctuations:

Support levels: around 4452, near 4369

Resistance levels: around 4540, around 4580

Stop loss level: around 4320

Focus on two key support levels for gold: 4500 is a minor support that holds the rebound. The 4400 level serves as the dividing line between bulls and bears after multiple deep corrections; as long as 4400 holds, gold is expected to rebound and gradually rise.

$XAU #黄金创43年来最大单周跌幅