Gold is down over 3% and looks to test the March low | investingLive

Gold is testing key support as it slides more than 3% and eyes the March low near $4,098.74. The break below the 200-day moving average at $4,415.51 marks the first sustained close under that benchmark since November 2023, signaling renewed bearish pressure. If prices breach the March 2026 low at $4,098.74, the next downside targets include the nearby 38.2% retracement of the rally from the September 2022 low at $4,079.35, a zone only about $20 from the March low. The hourly chart confirms bearish momentum, with resistance seen between $4,350 and $4,373 and the 100-hour moving average at $4,335, which must be overcome to improve sentiment.