Gold Analysis — 22 March 2026
Market overview
Gold (XAU/USD) is consolidating in a tight range as traders position around the next Fed decision. The metal is defending key support while geopolitical risk keeps a bid under the chart.
Key levels
| Level | Price |
|---|---|
| R2 | $X,XXX |
| R1 | $X,XXX |
| Spot | $X,XXX |
| S1 | $X,XXX |
| S2 | $X,XXX |
Technical read
The daily timeframe holds a medium-term uptrend while price clings above the 50-day moving average.
Scenarios
Bullish: A clean break and close above R1 opens the path to R2 as buyers re-engage on momentum.
Bearish: A loss of S1 opens the door for an accelerated test of S2.
Today’s plan
Wait for the London open. Trade only the level that prints — no chasing.