Gold Rallies Ahead of Critical PCE Report – Is a Reversal ComingAs expected, Gold reached a new all-time high (ATH) following the bullish momentum we anticipated yesterday.
However, this upside move seems to have arrived earlier than projected — potentially a pre-positioning move before a major correction triggered by tonight’s PCE inflation data and profit-taking ahead of the weekend.
With current momentum, Gold could easily target $3100 as global stock markets — from the US to Asia — are sharply declining.
This reflects rising concerns over a global economic slowdown, and highlights the growing demand for safe haven assets like Gold.
📰 Tonight’s PCE data will offer key insights into inflation in the current macro context.
If PCE inflation decreases, Gold is likely to continue its rally.
However, if PCE shows higher inflation, we could see heavy sell pressure enter the market — leading to a sharp drop in XAUUSD.
That said, recent CPI and PPI data suggest that inflation may already be easing, supporting the bullish case — or at least explaining the early price surge.
🟡 Strategy for Today:
Look for early BUY entries during Asia & London sessions at key lower supports.
Avoid SELL positions for now — wait for price to reach major psychological resistance levels like $3100 before considering a short setup.
🧭 Key Levels:
🔻 Support: 3064 – 3055 – 3048 – 3040 – 3032
🔺 Psychological Resistance: 3090 – 3100 – 3106 – 3110
🎯 Trade Zones – 29/03:
BUY ZONE: 3056 – 3054
SL: 3050
TP: 3060 – 3064 – 3068 – 3072 – 3076 – 3080 – ???
🔴 SELL ZONE: 3100 – 3102
SL: 3107
TP: 3096 – 3090 – 3086 – 3082 – 3078 – 3074 – 3070
🧠 Final Reminder:
It’s Friday — and PCE inflation data tonight is crucial.
If you feel unsure or your trading psychology is shaky, stay out and wait for clarity post-news.
As always, respect your SL/TP levels and protect your capital at all costs.
Good luck, homies! Let’s trade smart.
— AD | Money Market Flow
