XAU/USD -- March 24, 2026
NEUTRALGold Spot / US Dollar -- OTC / Interbank
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
Monday morning. XAU/USD is at $2,140, bid on Asian demand. The pair is recovering from last week's FOMC selloff. US Flash PMI at 9:45 AM will drive the dollar, which drives gold. A weak PMI is bullish for gold (weaker dollar). The $2,125 support has held twice -- the double bottom pattern is intact.
Trading Notes
Double bottom at $2,123-$2,125 suggests a potential reversal. The neckline is at $2,155.
A break above $2,155 would confirm the double bottom pattern, targeting $2,185+.
USD Flash PMI at 9:45 AM is the catalyst. Gold is inversely correlated to the dollar.
London session volume was healthy. The market is finding a new equilibrium post-FOMC.
Prop Firm Warnings
New week, fresh mindset. If last week was bad, reduce position size by 50% today.
XAU/USD on FTMO: make sure your lot size reflects the account currency. If your account is in EUR, the pip value is different.
Set a maximum of 2 trades today. Quality over quantity.
Suggested Strategy
Wait for PMI. If weak (below 50), buy XAU/USD at $2,138-$2,142 with a stop at $2,118 (200-pip risk). Target $2,168. Use 0.03 lot on a $100K account. If PMI is strong, short $2,148-$2,155 with a stop at $2,170, targeting $2,125.
News Impact
| Event | Impact | Time |
|---|---|---|
| US Flash PMI | high | 9:45 AM ET |
Key Levels
| Level | Price |
|---|---|
| R1 | 2180.0000 |
| R2 | 2168.0000 |
| R3 | 2155.0000 |
| PIVOT | 2141.0000 |
| S1 | 2128.0000 |
| S2 | 2118.0000 |
| S3 | 2100.0000 |
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.