Gold steadied after an early dip, with price action supported by ongoing geopolitical uncertainty and structural demand. Near-term moves are expected to track ceasefire news and broader risk sentiment.<\/p>\n
Gold fell to 4645 before retracing during New York hours and was last seen around 4720. Daily-chart momentum remains bullish, while the RSI has moderated, suggesting two-way risks.<\/p>\n
Key support is at 4670, aligned with the 21- and 100-day moving averages and the 38.2% Fibonacci level. Resistance sits at 4850, the 50% Fibonacci retracement of the 2026 high-to-low move, and at 4915 near the 50-day moving average.<\/p>\n
Despite weaker sentiment after no deal over the weekend, central bank buying continues, though it varies month to month. This demand is linked to diversification, alongside gold\u2019s use as a hedge against geopolitical risk and policy uncertainty.<\/p>\n
The outlined approach favours buying on pullbacks rather than chasing rising prices. Attention remains on ceasefire developments, with direction also influenced by wider market risk conditions.<\/p>\n
Gold has found its footing around the 4720 level, but we should resist the urge to chase this strength. The better strategy is to buy on pullbacks, as structural support from geopolitical risks and central bank buying remains strong. This cautious approach is prudent given the two-way risk from ceasefire headlines.<\/p>\n
Central bank diversification is a key driver, with the World Gold Council reporting a net purchase of 45 tonnes globally in the first quarter of 2026. The People’s Bank of China was a notable buyer, adding another 10 tonnes in March, continuing a multi-month trend of accumulation. This underlying demand provides a solid floor for prices.<\/p>\n
For options traders, this means we could consider selling cash-secured puts or establishing bull put spreads with strike prices near the 4670 support level. This approach allows us to collect premium while waiting for a potential dip, defining our risk if the price moves against us. It aligns perfectly with a strategy of buying weakness rather than strength.<\/p>\n
If using futures, we should avoid entering long positions now and instead place limit orders closer to that 4670 support zone. Resistance at 4850 and 4915 should be viewed as potential profit-taking targets, not breakout entry points. This disciplined tactic helps avoid getting caught in a reversal from overbought conditions.<\/p>\n
The fragile nature of the current ceasefire negotiations means that headline risk could trigger the very pullback we are looking for. We only have to look back to the market reaction during the supply chain disruptions of late 2025 to see how quickly capital flows into gold as a hedge. Being positioned to buy a dip could prove to be the most effective strategy.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Gold steadied after dipping, supported by geopolitical uncertainty and structural demand; near-term direction hinges on ceasefire news.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-44897","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=44897"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=44897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=44897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=44897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}