Gold Price Predictions After Eid and the Fed Cuts Rate Prospects

Jakarta, Pintu News – The gold price is experiencing a sharp decline, and its chart movement looks weaker, reinforcing the bearish price prediction.

After consolidating near the all-time high of above $5,000 for most of early 2026, the precious metal finally corrected quite deeply. In two consecutive sessions, gold prices lost around 6%. The psychological level of $5,000 was broken on Wednesday, and then the weakness continued on Thursday to touch $4,500.

Gold Price Chart Weakens and Triggers Bearish Projections

The main trigger for the decline in gold prices came from the Fed’s dot plot. The market had previously expected interest rates to be on hold. However, what was not anticipated was the projection of interest rate cuts for 2026 which was reduced from twice to only once.

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At the same time, February PPI data recorded a 0.7% increase, well above market consensus. This left market participants completely unprepared.

The bond market responded immediately. The 10-year US Treasury yield jumped to 4.2%, while the Dollar Index rallied to near 99.9. The combination was a negative sentiment for non-yielding assets like gold.

This is not just a trend reversal, but a very aggressive repricing. Now the question is no longer how high the gold price can go, but where is the price floor that can really withstand a decline.

Gold Price Prediction: Can Gold Survive the $4,500 Level?

The price break below the 50-day moving average around $4,978 triggered an accelerating wave of weakness. Long positions were liquidated amid thin order books. Trading volumes also confirmed that this was a strong bearish move, not just a temporary correction.

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As of March 19, gold is trading at around $4,500. Technically, it is oversold, but there is no rejection wick in sight that could signal a potential bounce. This means that the bearish side is still in control of the market.

If the $4,500 level is broken downwards again, the next structural support area is at $4,350. Meanwhile, to at least dampen the short-term bearish sentiment, the bullish side needs to bring the price back above $4,978. From where we stand now, this is still quite a distance away.

The situation is also exacerbated by geopolitical conditions. The rise in oil prices through $100 is one of the factors pushing inflation higher and forcing the Fed to keep interest rates at high levels for longer. This weakens the traditional argument for gold as a safe haven asset. High interest rates tend to strengthen the US dollar while increasing the opportunity cost of holding non-yielding assets like gold.

Ultimately, gold is currently trapped in its own narrative. The crisis that prompted investors to seek refuge in gold is precisely the main reason why the Fed has not been able to cut interest rates, so the attractiveness of gold is under pressure again.

Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Pax Gold (PAXG), a gold-backed crypto asset launched by developer Paxos Standard (PAX) in September 2019. In the form of an ERC-20 token running on the Ethereum (ETH) blockchain, PAXG can be traded on various exchanges and is a more accessible alternative for traders to start investing in gold.

The main objective of PAXG is to increase the ease of trading gold, given that physical gold is cumbersome to divide into small units and lacks flexibility in terms of storage and delivery.

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As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today’s gold jewelry price and today’s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News. Gold Price Prediction: Fed Slashes Rate Cut Outlook and Sends Gold Crashing 10% From $5,000 – Where Is the Floor? Accessed on March 20, 2026