24.03.202618:45 Forex Analysis & Reviews: Trading Signals for GOLD on March 24-26, 2026: buy above $4,375 (pennant pattern - 6/8 Murray)

Relevance up to 12:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

XAU/USD is trading around $4,411, forming a bullish pennant pattern, which we believe could continue its rise in the coming days only if the instrument consolidates above $4,440.

If XAU consolidates above $4,375 in the coming hours, it could be a good entry point to buy on a technical bounce, awaiting a break of the 21 SMA around $4,495.

The Eagle indicator is showing a positive signal, so any pullback in gold could be viewed as a buying opportunity in the coming days.

A consolidation above $4,500 could support gold's recovery, and we could expect it to reach the 7/8 Murray level around $4,687; it could even reach the top of the downtrend channel at $4,770.

A drop below $4,250 could resume the bearish cycle, and gold could reach the 5/8 Murray level around $4,062 or even hit the psychological level of $4,000.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.