Strategists see no rebound signals yet as gold nears $3,930 support after a March decline below its 50-day average.
Gold has extended its pullback after breaking below its 50-day moving average in March, drifting toward late October 2025 lows of $3,930 and $3,885. The decline appears stretched, but no clear rebound signals have emerged yet.
Recent resistance is pegged at $4,100, a pivot high from earlier this month. A break below $3,885 could open further downside toward $3,750 and $3,600, while a move above resistance would be needed to confirm a recovery.
The metal’s technical outlook remains weak as it tests critical support levels, with strategists monitoring for signs of stabilization or further downside pressure.