GC -- March 21, 2026
NEUTRALGold Futures -- COMEX
How To Use This Archived Analysis
Use this page during review when you need a structured read on levels, event risk, and the specific mistakes this market snapshot could trigger for prop-firm traders.
What This Page Will Not Do
This analysis is not a trade signal and it does not know your live account state, size, or psychology. Use it as context and risk framing, not as an instruction to enter.
Summary
Gold stabilized at $2,132, bouncing from yesterday's $2,125 low. The $2,125 level (100-day MA) held as support, attracting physical buying from Asia. The bounce is technical -- real yields remain elevated at 2.16%. Quad-witching today adds uncertainty. Gold options expiration is at $2,150 strike.
Trading Notes
The $2,125 support held with a wick rejection on the daily chart. Cautiously constructive short-term.
Options pin at $2,150 may pull price higher today as market makers delta-hedge.
Physical gold demand from China surged overnight. This provides a floor but limited upside.
The weekly close is key. A close above $2,140 would signal the selloff is contained.
Prop Firm Warnings
Gold and quad-witching: options expiration can create artificial moves in gold. Do not read too much into today's direction.
If you are profitable on gold shorts from yesterday, consider taking profits at $2,130-$2,125.
Reduced position sizes on gold expiration day. The $100/point value amplifies every move.
Suggested Strategy
Small long from $2,128-$2,132 with a stop at $2,120 ($8-12 risk = $800-1,200/contract). Target $2,150 (options pin). Close before 3:00 PM. This is a tactical trade, not a trend trade.
News Impact
| Event | Impact | Time |
|---|---|---|
| Quad Witching Expiration | medium | All day |
Key Levels
| Level | Price |
|---|---|
| R1 | 2,170.00 |
| R2 | 2,155.00 |
| R3 | 2,145.00 |
| PIVOT | 2,135.00 |
| S1 | 2,125.00 |
| S2 | 2,115.00 |
| S3 | 2,100.00 |
Risk Level
moderate
This analysis is AI-generated for educational purposes only. It is not financial advice. Always follow your prop firm's specific rules and consult with a qualified financial advisor before making trading decisions. Past performance does not guarantee future results.