Gold continues its rally overnight, primarily buying on dips to seize swing opportunities

Gold Digger Lao Mao
March 31, 2026

The essence of trading is a game of probabilities, not emotional gambling. Maintaining discipline is the key to steady and long-term success.

This afternoon, we clearly outlined a buy-on-dip strategy, suggesting long positions around the 4540 area. The price dipped to a low of 4543 intraday, perfectly providing an entry opportunity. The first target of 4580 was basically reached, successfully fulfilling the bullish trend. Tonight, we will continue to focus on the core buy-on-dip approach and seize the next swing opportunity.

Today, spot gold continues its strong rebound, with prices steadily climbing during the European session. Currently quoted at $4,557, up over 1% intraday. The highest touched 4,619, and the lowest dipped to 4,482. Overall, the market shows a wide-range upward oscillation, with bullish momentum gradually releasing. There is still room for further upward movement tonight.

From a technical perspective, the 15-minute Bollinger Bands are narrowing, with the current price around the middle band near 4562. The upper band resistance is at 4576, and the lower band support is at 4548. Prices are oscillating around the middle band, with short-term bulls and bears battling intensively. However, the larger-term bullish structure remains intact, so a pullback tonight presents a low-buy opportunity. Regarding MACD, the DIFF and DEA lines are both turning downward, with the green bars continuing to expand, indicating that short-term upward momentum is weakening and a correction may be needed. This also creates an entry window for low-buy positions tonight.

Considering the current structure, the main operation tonight should be maintaining a low-buy approach. Focus on strong support around 4540-4545. If the price pulls back and stabilizes, consider gradually adding to long positions. The first target is 4580, the second is 4600, and the third is challenging the previous high of 4620. If broken, hold for further gains toward 4650. If the price surges directly above 4600, do not chase longs; wait for a pullback to re-enter. If the price unexpectedly breaks below 4530 support, adjust the strategy, set strict stop-losses, and control position risk.

Investing involves risks; trade cautiously. The above analysis is for reference only and does not constitute any investment advice. Investors operate at their own risk.