Gold Analysis 2026/03/31

【Yesterday's daily chart】

It was a bullish candlestick with a tail.

Range suggests, but since it is below the 9MA, it is assumed to be heading downward.

【4-hour chart】

On the daily chart, it is stopped near the 40MA. Moreover, since it is in the PO (price open) state, the bias is bearish.

If aiming for a short, I think targeting a minor pullback after the 9MA break is fine.

Oscillator has turned up, so waiting a bit longer feels reasonable.

BB indicates a range.

【1-hour chart】

BB lower band, around the 4-hour BB middle.

If this level breaks downward, using 4494 as the neck line for a head-and-shoulders setup could lead to a decline toward around 4420–4440?

【Key price levels】

4581

4543

4488

4420

4379