{"id":23632,"date":"2026-03-03T03:59:50","date_gmt":"2026-03-03T03:59:50","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23632"},"modified":"2026-03-03T04:02:59","modified_gmt":"2026-03-03T04:02:59","slug":"daily-commentary-348","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-348-20260303\/","title":{"rendered":"\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e22\u0e31\u0e07\u0e04\u0e07\u0e40\u0e1b\u0e47\u0e19\u0e02\u0e32\u0e02\u0e36\u0e49\u0e19 \u0e40\u0e19\u0e37\u0e48\u0e2d\u0e07\u0e08\u0e32\u0e01\u0e2a\u0e07\u0e04\u0e23\u0e32\u0e21\u0e2d\u0e34\u0e2b\u0e23\u0e48\u0e32\u0e19\u0e22\u0e31\u0e07\u0e04\u0e07\u0e01\u0e23\u0e30\u0e15\u0e38\u0e49\u0e19\u0e01\u0e32\u0e23\u0e44\u0e2b\u0e25\u0e40\u0e02\u0e49\u0e32\u0e02\u0e2d\u0e07\u0e2a\u0e34\u0e19\u0e17\u0e23\u0e31\u0e1e\u0e22\u0e4c\u0e1b\u0e25\u0e2d\u0e14\u0e20\u0e31\u0e22"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li>Gold draws haven demand and looks to the $5,400 barrier again on Tuesday after Monday\u2019s two-way swings.<\/li>\n\n\n\n<li>The US Dollar preserves recent gains as the Iran war is here to stay, Fed expectations also remain in play.<\/li>\n\n\n\n<li>Gold battles the 78.6% Fibo resistance at $5,342, while the daily RSI remains bullish. \u00a0<\/li>\n\n\n\n<li><\/li>\n<\/ul>\n\n\n\n<p>Gold is finding renewed bids in Asian trades on Tuesday, making another attempt to regain the $5,400 level amid persistent demand for safe-haven assets as the Iran war extends.<\/p>\n\n\n\n<p>A softer risk tone remains in play as US President Donald Trump continues to threaten deeper escalation to the ongoing war with Iran, warning that a \u201cbig wave\u201d is yet to come.<\/p>\n\n\n\n<p>Trump vowed to respond to an attack on the US embassy in Riyadh and to the deaths of US military personnel during the Iran conflict.Late Monday, a Saudi Defense Ministry spokesperson confirmed that the US Embassy in Riyadh was attacked with two Iranian drones.<\/p>\n\n\n\n<p>US Secretary of State Marco Rubio said on Monday that the United States (US) is preparing for a \u201cmajor uptick\u201d in attacks in Iran over the next 24 hours.<\/p>\n\n\n\n<p>Meanwhile, markets assess the impact of the closure of the Strait of Hormuz by Iran\u2019s Islamic Revolutionary Guard Corps (IRGC) on oil prices, which could be positive for the inflation hedge, Gold.<\/p>\n\n\n\n<p>However, sustained haven demand for the US Dollar (USD) remains a headwind for USD-sensitive Gold.<\/p>\n\n\n\n<p>Additionally, markets are scaling back dovish US Federal Reserve (Fed) bets amid expectations of higher inflation, likely to be fuelled by surging oil prices, which could limit the Gold price upside.<\/p>\n\n\n\n<p>Gold traders will continue to pay close attention to the geopolitical developments surrounding the Iran war for fresh trading impetus, as US economic data will likely play second fiddle until Friday\u2019s release of the Nonfarm Payrolls report.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/03\/image-1024x364.png\" alt=\"\" class=\"wp-image-23633\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-1024x364.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-768x273.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>The near-term bias is bullish as price holds well above the 21-, 50-, 100- and 200-day Simple Moving Averages (SMAs), which all trend higher and signal entrenched upside control. The metal is consolidating above the 78.6%\u00a0Fibonacci\u00a0retracement at $5,341.96, measured from the $4,401.99 low to the $5,597.89 high, keeping the broader uptrend intact after recent volatility. The Relative Strength Index (RSI) at 64.75 remains above the 50 midline, indicating firm bullish momentum without yet entering overbought territory.<\/p>\n\n\n\n<p>Immediate support emerges at the 78.6% retracement at $5,341.96, followed by the 61.8% retracement at $5,141.05, where prior reaction lows and the rising 50-day SMA cluster to reinforce the zone. A deeper pullback would expose the 50% retracement at $4,999.94, which aligns with the rising 21-day SMA and marks a pivotal level to preserve the prevailing uptrend. On the upside, initial resistance stands near the recent peak at $5,597.89; a daily close above this barrier would open the way toward new highs and extend the bullish phase.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is finding renewed bids in Asian trades on Tuesday, making another attempt to regain the $5,400 level amid persistent demand for safe-haven assets as the Iran war extends. A softer risk tone remains in play as US President Donald Trump continues to threaten deeper escalation to the ongoing war with Iran, warning that a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-348-20260303\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD stays bullish as Iran war continues to spur safe-haven flows&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/comments?post=23632"}],"version-history":[{"count":2,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23632\/revisions"}],"predecessor-version":[{"id":23635,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23632\/revisions\/23635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media?parent=23632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}