TECHNICALS-Spot gold to bounce to $4,915-$4,977 range

Reuters11:33 PM ET, 03/18/2026

TECHNICALS-Spot gold to bounce to $4,915-$4,977 range

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SINGAPORE, March 19 (Reuters) - Spot gold XAU= is expected to bounce into a range of $4,915-$4,977 per ounce, as it has stabilized around a key support of $4,815.

The metal is riding on a wave C, which may either end around $4,815 or extend to $4,552. A bounce has been triggered. A projection analysis on this wave reveals a bounce target zone of $4,915-$4,977.

A break below $4,815 could open the way toward the $4,714-$4,753 range.

* Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.

** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

 

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(Reporting by Wang Tao; Editing by Sonia Cheema)

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