{"id":23652,"date":"2026-03-05T04:22:52","date_gmt":"2026-03-05T04:22:52","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23652"},"modified":"2026-03-05T04:22:52","modified_gmt":"2026-03-05T04:22:52","slug":"daily-commentary-350","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-350-20260305\/","title":{"rendered":"\u0e1c\u0e39\u0e49\u0e0b\u0e37\u0e49\u0e2d\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e22\u0e31\u0e07\u0e04\u0e07\u0e21\u0e35\u0e04\u0e27\u0e32\u0e21\u0e2b\u0e27\u0e31\u0e07\u0e17\u0e48\u0e32\u0e21\u0e01\u0e25\u0e32\u0e07\u0e2a\u0e07\u0e04\u0e23\u0e32\u0e21\u0e15\u0e30\u0e27\u0e31\u0e19\u0e2d\u0e2d\u0e01\u0e01\u0e25\u0e32\u0e07\u0e41\u0e25\u0e30\u0e04\u0e27\u0e32\u0e21\u0e01\u0e31\u0e07\u0e27\u0e25\u0e40\u0e01\u0e35\u0e48\u0e22\u0e27\u0e01\u0e31\u0e1a\u0e01\u0e32\u0e23\u0e40\u0e15\u0e34\u0e1a\u0e42\u0e15\u0e02\u0e2d\u0e07\u0e08\u0e35\u0e19"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold builds on Wednesday\u2019s rebound and reverts to $5,200 again early Thursday.<\/strong><\/li>\n\n\n\n<li><strong>The US Dollar recovers modestly amid Middle East escalation, dovish Fed outlook. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>\u0e04\u0e48\u0e32\u0e40\u0e09\u0e25\u0e35\u0e48\u0e22\u0e40\u0e04\u0e25\u0e37\u0e48\u0e2d\u0e19\u0e17\u0e35\u0e48 21 \u0e27\u0e31\u0e19\u0e22\u0e31\u0e07\u0e04\u0e07\u0e17\u0e23\u0e07\u0e15\u0e31\u0e27\u0e17\u0e48\u0e32\u0e21\u0e01\u0e25\u0e32\u0e07 RSI \u0e17\u0e35\u0e48\u0e02\u0e32\u0e02\u0e36\u0e49\u0e19 \u0e01\u0e32\u0e23\u0e1b\u0e34\u0e14\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19\u0e40\u0e2b\u0e19\u0e37\u0e2d\u0e23\u0e30\u0e14\u0e31\u0e1a 61.8% Fibo \u0e16\u0e37\u0e2d\u0e40\u0e1b\u0e47\u0e19\u0e08\u0e38\u0e14\u0e2a\u0e33\u0e04\u0e31\u0e0d\u0e2a\u0e33\u0e2b\u0e23\u0e31\u0e1a\u0e1c\u0e39\u0e49\u0e0b\u0e37\u0e49\u0e2d\u0e17\u0e2d\u0e07\u0e04\u0e33.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is building on the previous rebound in Thursday\u2019s Asian trades, testing offers once again at the $5,200 threshold. Deeper escalation of the Middle East war and dovish US Fed monetary policy outlook continue to support Gold.<\/p>\n\n\n\n<p>The US-Israel-Iran war escalated sharply on Wednesday after a US submarine sank an Iranian warship off Sri Lanka and NATO air defences intercepted an Iranian ballistic missile fired towards Turkey.<\/p>\n\n\n\n<p>Additionally, \u201cthe powerful son of Iran&#8217;s slain supreme leader emerged as a frontrunner to succeed him,\u201d per Reuters, threatening further geopolitical escalation in the region, with the war entering its sixth day.<\/p>\n\n\n\n<p>On the monetary policy front, US President Donald Trump on Wednesday officially nominated former Federal Reserve Governor Kevin Warsh to be the next Fed Chair. Warsh is seen in the pro-easing camp and could likely lower interest rates later this year.<\/p>\n\n\n\n<p>This dovish narrative countered strong US economic data, bumping up the non-yielding Gold at the expense of the US Dollar (USD).<\/p>\n\n\n\n<p>Data published by ADP showed on Wednesday that US private employers added 63,000 jobs in February, gaining more than the 50,000 that economists projected.<\/p>\n\n\n\n<p>The ISM said that the US service sector activity strengthened sharply in February, with the headline index rising from 53.8 to 56.1, well above the market forecast of 53.5.<\/p>\n\n\n\n<p>Attention now turns toward the US weekly Jobless Claims data, while Middle East updates and China economic growth concerns continue to keep investors on the edge and Gold underpinned.<\/p>\n\n\n\n<p>Earlier on, China set its 2026 economic growth target at 4.5%-5%, slightly lower than the 5% pace achieved last year. The dragon nation is the world\u2019s top Gold consumer.<\/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-2-1024x364.png\" alt=\"\" class=\"wp-image-23654\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-2-1024x364.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-2-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-2-768x273.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-2-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-2.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 mildly bullish as price holds above the 21-day SMA near $5,080 and extends its advance away from the 50-day and 100-day SMAs clustered below $4,900, which reinforces an established uptrend backdrop. Momentum remains positive, with the RSI lifting back into the mid-50s after cooling from prior overbought extremes, indicating that buying pressure persists without stretched conditions. Price also trades above the 61.8%\u00a0Fibonacci\u00a0retracement at $5,141, measured from the $4,402 low to the $5,598 high, showing that bulls have defended the upper half of the recent corrective range.<\/p>\n\n\n\n<p>Immediate support emerges at the 61.8% retracement at $5,141, followed by the 50% retracement at $4,999, where proximity to the rising 21-day SMA creates a key demand zone. A daily close below that cluster would expose next support at the 38.2% retracement at $4,859. On the upside, initial resistance stands near the recent swing area around $5,340, aligned with the 78.6% retracement, with a break above opening the path toward the $5,600 high. As long as XAU\/USD holds above $5,140 on a closing basis, the technical structure favors continuation of the broader uptrend rather than a deeper reversal.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is building on the previous rebound in Thursday\u2019s Asian trades, testing offers once again at the $5,200 threshold. Deeper escalation of the Middle East war and dovish US Fed monetary policy outlook continue to support Gold. The US-Israel-Iran war escalated sharply on Wednesday after a US submarine sank an Iranian warship off Sri Lanka &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-350-20260305\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD buyers stay hopeful amid Middle East war, China growth woes&#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-23652","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\/23652","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=23652"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23652\/revisions"}],"predecessor-version":[{"id":23655,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23652\/revisions\/23655"}],"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=23652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}