{"id":23684,"date":"2026-03-16T04:39:46","date_gmt":"2026-03-16T04:39:46","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23684"},"modified":"2026-03-16T04:39:48","modified_gmt":"2026-03-16T04:39:48","slug":"daily-commentary-357","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-357-20260316\/","title":{"rendered":"GOLD tests 50-day SMA support, with eyes on Middle East war"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold hits monthly lows near $4,970, then rebounds above $5,000 in Monday\u2019s Asian trading.<\/strong><\/li>\n\n\n\n<li><strong>The US Dollar stalls its uptrend as markets turn cautiously optimistic on Strait of Hormuz reopening hopes. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>Technically, Gold closed the week below 21-day support-turned-resistance; RSI turns bearish.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is re-attempting bids above $5,000 in Monday\u2019s Asian trades, fading a brief dip to monthly lows near the $4,970 region. The headlines surrounding the Middle East war continue to impact the USD and thus the bright metal.<\/p>\n\n\n\n<p>Gold battles the critical $5,000 psychological level amid a bull-bear tug-of-war as traders remain divided between hopes for the re-opening of the Strait of Hormuz and looming risks that the US could seize the critical oil depot on Iran\u2019s Kharg Island.<\/p>\n\n\n\n<p>The WSJ reported late Sunday that the White House plans to announce that multiple countries have agreed to form a coalition to escort ships through the corridor, adhering to US President Donald Trump\u2019s calls to the allies to help secure the Strait.Trump has warned that NATO faces a \u201cvery bad\u201d future if US allies fail to assist in opening up the Strait of Hormuz, the Financial Times (FT) reported.<\/p>\n\n\n\n<p>These mixed headlines fail to provide a fresh lift to the US Dollar (USD) while keeping Gold prices in limbo.<\/p>\n\n\n\n<p>Later in the day, the Iran war headlines will continue to play a pivotal role in the Gold price action as markets bet on the next direction in Oil prices.<\/p>\n\n\n\n<p>Gold could risk a brief corrective pullback as traders might cash in on their USD longs ahead of Wednesday\u2019s US Federal Reserve (Fed) monetary policy decision.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\" id=\"h-daily-technical-analysis\">\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=\"379\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/03\/image-10-1024x379.png\" alt=\"\" class=\"wp-image-23685\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-10-1024x379.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-10-300x111.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-10-768x285.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-10-18x7.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/03\/image-10.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 tone is mildly bullish, with price holding just above the 50-day SMA near $4,955 and comfortably above the 100- and 200-day SMAs around $4,575 and $4,060, respectively. The 21-day SMA around $5,115 has flattened but still hovers above spot, indicating a shallow consolidation within a broader uptrend rather than a full reversal. The RSI at 47 remains close to the neutral midline, suggesting momentum has cooled without shifting decisively in favor of sellers.<\/p>\n\n\n\n<p>Immediate support emerges at the 50.0% Fibonacci retracement of the $4,402\u2013$5,598 rally at $5,000, with the 38.2% retracement at $4,859 reinforcing a lower support area if the metal extends its pullback. Below that, the clustered 50-day and 100-day SMAs would strengthen the $4,950\u2013$4,575 region as a broader demand zone. On the upside, initial resistance aligns with the 21-day SMA near $5,115, followed by the 61.8% retracement at $5,141, where a break would open the way toward the $5,342 level marked by the 78.6% retracement. A daily close above that latter barrier would re-expose the recent $5,598 high.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is re-attempting bids above $5,000 in Monday\u2019s Asian trades, fading a brief dip to monthly lows near the $4,970 region. The headlines surrounding the Middle East war continue to impact the USD and thus the bright metal. Gold battles the critical $5,000 psychological level amid a bull-bear tug-of-war as traders remain divided between hopes &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-357-20260316\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD tests 50-day SMA support, with eyes on Middle East war&#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-23684","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\/23684","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=23684"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23684\/revisions"}],"predecessor-version":[{"id":23686,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23684\/revisions\/23686"}],"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=23684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}