EL7.AI
ForexMedium•31 March 2026•
1 min read

Gold Hits Target Zone While Euro and Pound Face Downward Pressure

Key Facts

1Gold hit the target zone of 4600-4610 and continues to trade within an uptrend channel with support at 4480.
2USD/JPY rebounded from support levels of 157.25-157.65 with key resistance levels at 160.20 and 161.95.
3GBP/USD broke below the 1.3200 support level, potentially leading to further declines toward 1.3010.
4EUR/USD faces downward pressure toward the 1.1200 zone as long as it remains below the 1.1655 resistance.

Financial markets witnessed significant technical shifts as of March 31, 2026, with Gold successfully reaching its target zone of $4,600-$4,610 per ounce. The precious metal continues to trade within a well-defined uptrend channel, supported by a key floor at $4,480. In the forex market, the USD/JPY pair rebounded from support levels between 157.25 and 157.65, facing primary resistance at 160.20 and 161.95. Conversely, GBP/USD broke below the critical 1.3200 support level, potentially leading to further declines toward the 1.3010 mark. EUR/USD remains under bearish pressure, targeting the 1.1200 zone as long as it stays below the 1.1655 resistance level. Overall, the technical outlook suggests a strengthening US Dollar against major currencies while Gold maintains its bullish momentum.