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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.

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1 additional source confirmed this story

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.