GOLD Price Analysis – March 14, 2025
Daily Price Outlook
Gold (XAU/USD) remains in sideways consolidation after hitting a fresh all-time high of around $3,001 on Friday.
Despite some pullback, the precious metal remains on track for strong weekly gains as investors assess the impact of escalating US trade policies and increasing expectations of Federal Reserve rate cuts.
The ongoing uncertainty supports gold's status as a safe-haven asset, keeping its bullish outlook intact.
US Trade Tensions and Fed Rate Cut Bets Support Gold
On the geopolitical front, the escalating tariff war initiated by Trump continues to fuel market uncertainty, increasing demand for safe-haven assets like gold.
The latest move includes a proposed 200% duty on European wine and cognac imports unless the European Union removes surcharges on US whiskey.
This follows the recent 25% tariff on steel and aluminum imports, raising fears of further escalation. These aggressive trade policies have heightened recession concerns, leading investors to increase their bets on Fed rate cuts.
Market participants now expect the Federal Reserve to implement three 25 basis point rate cuts in June, July, and October to mitigate a potential economic downturn.
This outlook has been reinforced by softer US inflation data, with the headline Consumer Price Index (CPI) slowing to 2.8% YoY in February, down from 3% previously.
Gold's Gains Capped by US Dollar Recovery Despite Bullish Factors
Despite strong support from trade tensions and Fed rate cut expectations, gold’s gains remain limited by a recovering US Dollar.
The US Dollar Index (DXY) extended its rebound for the third straight day, recovering from its lowest level since mid-October.
However, the recent stability in global equity markets, spurred by positive US-Canada trade negotiations and reduced fears of a US government shutdown, has also tempered gold's bullish momentum. Although, the overall market sentiment still favors gold’s upside potential.
Market participants now turn their attention to the upcoming Michigan US Consumer Sentiment and Inflation Expectations Index for further direction.
Meanwhile, the Federal Reserve's two-day monetary policy meeting next week will be crucial in shaping the near-term outlook for gold.
Hence, the dovish signals from the Fed could further support gold’s bullish trend, while stronger-than-expected economic data could weigh on prices.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,985.31, slipping 0.01% as it hovers below the key pivot level of $2,993.84. The metal remains in a tight range as traders weigh Federal Reserve rate cut expectations against a strengthening U.S. dollar.
Gold’s inability to sustain momentum above $2,993 highlights investor caution, with resistance levels at $3,005.25 and $3,015.30 posing near-term hurdles.
On the downside, immediate support is seen at $2,979.51, with further selling pressure potentially driving gold toward $2,963.65 and $2,956.39.
The 50-day Exponential Moving Average (EMA) at $2,928.44 continues to provide dynamic support, reinforcing the longer-term uptrend. However, failure to hold above this level could expose gold to further declines.
Despite short-term weakness, gold’s broader trend remains bullish, driven by growing expectations of Federal Reserve policy easing.
Softer U.S. inflation data has fueled speculation of three rate cuts in 2024, with traders eyeing the upcoming FOMC meeting for further guidance. A dovish stance from policymakers could propel gold beyond the $3,000 psychological mark.
For now, a daily close above $2,993.84 is required to confirm bullish momentum, while a break below $2,979.51 may signal deeper consolidation.
Traders should watch for a decisive move in either direction to determine the next leg of gold’s price action.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold struggles below $2,993.84 as resistance at $3,005.25 caps upside potential.
- Immediate support at $2,979.51, with downside risk extending to $2,963.65.
- FOMC rate cut expectations remain the key driver for gold’s long-term outlook.
Gold (XAU/USD) is trading at $2,985.31, slipping 0.01% as it hovers below the key pivot level of $2,993.84. The metal remains in a tight range as traders weigh Federal Reserve rate cut expectations against a strengthening U.S. dollar.
Gold’s inability to sustain momentum above $2,993 highlights investor caution, with resistance levels at $3,005.25 and $3,015.30 posing near-term hurdles.
On the downside, immediate support is seen at $2,979.51, with further selling pressure potentially driving gold toward $2,963.65 and $2,956.39.
The 50-day Exponential Moving Average (EMA) at $2,928.44 continues to provide dynamic support, reinforcing the longer-term uptrend. However, failure to hold above this level could expose gold to further declines.
Despite short-term weakness, gold’s broader trend remains bullish, driven by growing expectations of Federal Reserve policy easing.
Softer U.S. inflation data has fueled speculation of three rate cuts in 2024, with traders eyeing the upcoming FOMC meeting for further guidance. A dovish stance from policymakers could propel gold beyond the $3,000 psychological mark.
For now, a daily close above $2,993.84 is required to confirm bullish momentum, while a break below $2,979.51 may signal deeper consolidation.
Traders should watch for a decisive move in either direction to determine the next leg of gold’s price action.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2989
Take Profit – 2970
Stop Loss – 3002
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$1900/ -$1300
Profit & Loss Per Mini Lot = +$190/ -$130
GOLD Price Analysis – March 13, 2025
Daily Price Outlook
Gold (XAU/USD) extended its upward trend and remained well-supported around $2,950 on Thursday, as the latest US Consumer Price Index (CPI) data came in weaker than expected.
However, the softer inflation figures eased concerns about economic stagflation, reducing fears of an imminent recession.
This led to an outflow from US bonds, pushing bond yields higher, while stocks rallied as investors became more optimistic about economic conditions.
Despite the rise in bond yields, gold remained strong, supported by expectations that the Federal Reserve could cut interest rates sooner, keeping demand for the precious metal intact.
The US inflation data reinforced market expectations that the Federal Reserve will cut interest rates by 25 basis points in June.
According to the CME FedWatch Tool, there is a 97.0% probability that the Fed will keep rates unchanged in its March 19 meeting, while the odds of a rate cut in May stand at 39.5%.
Geopolitical Tensions Fuel Gold’s Bullish Momentum Amid Trade and Military Concerns
In addition to economic factors, geopolitical uncertainties are further driving gold’s bullish momentum. US President Donald Trump announced plans to impose reciprocal tariffs on European goods, set to take effect on April 2.
This move has raised concerns about potential trade disputes between the US and the EU, prompting investors to seek refuge in gold as a safe-haven asset.
Meanwhile, US diplomatic efforts are underway to negotiate a ceasefire in the Russia-Ukraine conflict. Reports suggest that a deal, which includes continued US military support for Ukraine, has already gained some traction.
If geopolitical tensions escalate further, demand for gold could increase, pushing prices toward new record highs.
Gold Poised for Further Gains Amid Economic Uncertainty and Trade Tensions
Looking ahead, analysts predict that gold will continue its upward climb. BNP Paribas expects XAU/USD to surpass $3,100 in Q2 2025, driven by heightened economic uncertainty due to Trump’s aggressive trade policies.
Furthermore, Macquarie Bank projects gold could reach $3,500 by Q3 2025, citing a worsening US budget outlook that may trigger higher inflation and increase demand for gold as an inflation hedge.
Traders will closely watch upcoming US economic data and central bank decisions for further direction. For now, gold remains well-supported as investors weigh trade tensions, Fed rate cut expectations, and the broader economic landscape.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is holding firm above $2,938.55, up 0.01%, as it consolidates within a tight range. The metal continues to benefit from expectations of Federal Reserve rate cuts and geopolitical uncertainties, supporting its bullish momentum.
The key pivot point at $2,931.19 serves as an important level—staying above this mark could fuel further gains, while a drop below may expose gold to increased selling pressure.
On the upside, immediate resistance sits at $2,947.09, followed by $2,956.47 and a stronger barrier at $2,965.37.
A breakout above these levels could trigger a move toward fresh highs, particularly if macroeconomic conditions continue to favor safe-haven assets.
Gold remains well-supported by its 50-day EMA at $2,914.06, reinforcing near-term bullish sentiment.
Conversely, should gold fail to hold above $2,931.19, immediate support is found at $2,921.65, followed by $2,909.24 and $2,897.64.
A break below these levels would indicate a shift in sentiment, increasing downside risk. The overall trend remains bullish as long as prices stay above $2,931, with traders eyeing key economic data for potential market-moving catalysts.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains bullish above $2,931, with resistance at $2,947 and $2,956 as the next upside targets.
- The 50-day EMA at $2,914 acts as strong support, reinforcing a short-term bullish bias.
- A drop below $2,921 could shift sentiment, leading to potential declines toward $2,909 and $2,897.
Gold (XAU/USD) is holding firm above $2,938.55, up 0.01%, as it consolidates within a tight range. The metal continues to benefit from expectations of Federal Reserve rate cuts and geopolitical uncertainties, supporting its bullish momentum.
The key pivot point at $2,931.19 serves as an important level—staying above this mark could fuel further gains, while a drop below may expose gold to increased selling pressure.
On the upside, immediate resistance sits at $2,947.09, followed by $2,956.47 and a stronger barrier at $2,965.37.
A breakout above these levels could trigger a move toward fresh highs, particularly if macroeconomic conditions continue to favor safe-haven assets.
Gold remains well-supported by its 50-day EMA at $2,914.06, reinforcing near-term bullish sentiment.
Conversely, should gold fail to hold above $2,931.19, immediate support is found at $2,921.65, followed by $2,909.24 and $2,897.64.
A break below these levels would indicate a shift in sentiment, increasing downside risk. The overall trend remains bullish as long as prices stay above $2,931, with traders eyeing key economic data for potential market-moving catalysts.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 2931
Take Profit – 2947
Stop Loss – 2921
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1600/ -$1000
Profit & Loss Per Mini Lot = +$160/ -$100
GOLD Price Analysis – March 12, 2025
Daily Price Outlook
During the European trading session on Wednesday, gold prices remained steady, holding above the $2,900 mark as investors stayed cautious ahead of the highly anticipated US Consumer Price Index (CPI) report.
However, the upcoming inflation data will help determine the Fed's rate decisions, which will affect gold prices in the coming weeks.
Moreover, the risk-off mood in the market also helped keep gold prices high. The global market sentiment has been flashing red on the day amid combination of factors.
Gold Gains Support Amid US Tariff Impact on Steel and Aluminum
Gold also found support as trade tensions escalated following President Donald Trump’s 25% tariff on US steel and aluminum imports, which took effect on Wednesday.
The tariff, impacting a broad range of industrial and consumer goods, fueled concerns over a economic slowdown.
Initially, Trump proposed increasing tariffs on Canadian steel and aluminum to 50% in response to Ontario’s trade restrictions.
However, following negotiations, the US administration retracted the proposed hike, maintaining the 25% rate.
Therefore, the trade uncertainty has fueled concerns of a global economic downturn, further reinforcing gold’s status as a safe-haven asset.
US Dollar Stabilizes as Traders Await Key Inflation Data and Job Market Trends
On the US front, the broad-based US dollar gained modest traction but remained near the four-month low recorded last week.
Despite the dollar’s slight recovery, gold prices held steady, supported by risk aversion amid economic uncertainty.
On the data front, the US job openings increased by 232,000 to 7.740 million in January, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report.
However, revisions showed fewer vacancies than previously estimated from January to December 2024. Despite strong hiring numbers, small business confidence dipped for the third consecutive month, reflecting concerns over trade policy volatility and fiscal uncertainties.
Traders are now closely watching the upcoming US inflation data, as it could influence the Fed’s rate decision. However, the lower-than-expected CPI reading may boost expectations for rate cuts, potentially driving gold prices higher. Conversely, stronger inflation data could strengthen the US dollar and cap gold’s.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,918.48, up 0.02%, as it hovers near its pivot point at $2,919.09. The metal remains in a tight range, with traders awaiting a decisive move amid shifting market sentiment.
The 50-day EMA at $2,908.68 suggests moderate downside pressure, with short-term selling opportunities emerging below the pivot.
On the upside, gold faces immediate resistance at $2,930.55, with additional barriers at $2,942.01 and $2,954.43. A break above these levels could trigger bullish momentum, targeting new highs. However, failure to surpass $2,930.55 may reinforce a bearish outlook.
Support lies at $2,902.12, with further downside levels at $2,891.50 and $2,880.40. A drop below $2,902.12 would confirm increased selling pressure, potentially accelerating losses toward lower support zones.
The pivot point at $2,919.09 serves as a key threshold—trading below it favors a bearish bias, while sustaining above it may shift momentum toward the bulls.
Given the technical setup, a sell position below $2,919 is favored, targeting $2,902 for a take-profit level, with a stop-loss placed at $2,930. Gold’s near-term movement will largely depend on U.S. inflation data and Federal Reserve signals, which could sway sentiment and drive volatility.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold faces resistance at $2,930.55, with selling pressure building below the $2,919 pivot point.
- Support at $2,902.12 is critical—a break lower could trigger a sharper decline toward $2,880.40.
- Sell strategy below $2,919 with take-profit at $2,902 and stop-loss at $2,930 aligns with current bearish momentum.
Gold (XAU/USD) is trading at $2,918.48, up 0.02%, as it hovers near its pivot point at $2,919.09. The metal remains in a tight range, with traders awaiting a decisive move amid shifting market sentiment.
The 50-day EMA at $2,908.68 suggests moderate downside pressure, with short-term selling opportunities emerging below the pivot.
On the upside, gold faces immediate resistance at $2,930.55, with additional barriers at $2,942.01 and $2,954.43. A break above these levels could trigger bullish momentum, targeting new highs. However, failure to surpass $2,930.55 may reinforce a bearish outlook.
Support lies at $2,902.12, with further downside levels at $2,891.50 and $2,880.40. A drop below $2,902.12 would confirm increased selling pressure, potentially accelerating losses toward lower support zones.
The pivot point at $2,919.09 serves as a key threshold—trading below it favors a bearish bias, while sustaining above it may shift momentum toward the bulls.
Given the technical setup, a sell position below $2,919 is favored, targeting $2,902 for a take-profit level, with a stop-loss placed at $2,930. Gold’s near-term movement will largely depend on U.S. inflation data and Federal Reserve signals, which could sway sentiment and drive volatility.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2919
Take Profit – 2902
Stop Loss – 2930
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$1700/ -$1100
Profit & Loss Per Mini Lot = +$170/ -$110
GOLD Price Analysis – March 11, 2025
Daily Price Outlook
During the European trading session, the price of gold (XAU/USD) continued to rise, reaching an intra-day high of $2,903. This upward movement came after a period of uncertainty in the markets.
However, the uncertainty was mainly driven by concerns over the potential effects of former US President Donald Trump’s trade policies. As a result, many investors decided to move their money into safer assets like gold to protect their wealth.
US Dollar Weakness and Fed Rate Cut Speculation Support Gold Prices
Moreover, the ongoing weakness in the US dollar further supported gold prices. However, the greenback faced selling pressure due to growing speculation that a tariff-induced economic slowdown might push the Federal Reserve (Fed) to implement multiple rate cuts this year. Hence, the lower interest rates typically benefit non-yielding assets like gold, boosting its appeal.
Geopolitical Risks and Trade Tensions Drive Gold Prices Higher
On the geopolitical front, the former President Trump’s 25% tariffs on global steel and aluminum imports are scheduled to take effect on Wednesday, with even more tariffs expected to be imposed on April 2.
These protectionist measures raised concerns about a possible US recession, which boosted demand for gold as a safe-haven asset.
Moreover, the signs that the US labor market is weakening raised expectations that the Federal Reserve might start cutting interest rates again in June.
This could keep US Treasury yields low and put pressure on the US dollar, which would likely increase demand for gold.
Apart from this, market attention shifted to rising geopolitical tensions, especially between Ukraine and Russia. However, the meeting between Ukrainian President Volodymyr Zelenskiy and former President Trump ended in diplomatic conflict, leading to the US suspending all military aid to Ukraine.
At the same time, Ukraine carried out a large-scale drone attack on Moscow, with Russian air defenses shooting down 11 drones that were targeting key locations near the Kremlin.
These escalating tensions and the growing uncertainty in the region added more pressure on gold prices, pushing them higher as investors sought safety.
China's Economic Weakness and US Data Watch Fuel Gold Price Support
Moreover, China’s latest economic data added to market jitters. The Chinese Consumer Price Index (CPI) declined by 0.7% year-over-year in February, exceeding expectations and marking the first consumer deflation since January 2024.
The decline was partly due to weak demand after the Spring Festival, which raised worries about China’s economic outlook and boosted demand for safe-haven assets.
Therefore, the decline in China’s CPI raised concerns about the economy, increasing demand for safe-haven assets like gold. This led to higher gold prices as investors sought protection from economic uncertainties.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,895.25, hovering just below the $2,900 pivot point, signaling indecision in the market. Despite a minor decline, gold remains within a narrow range as traders await key catalysts.
The 50-day EMA at $2,909.07 acts as immediate resistance, aligning closely with short-term price action. A sustained break above this level could push gold toward $2,915.39, with further upside targets at $2,930.55 and $2,954.43.
On the downside, immediate support lies at $2,880.20, and a breach of this level could accelerate selling pressure, exposing gold to $2,858.99 and potentially $2,838.41. The broader trend remains bearish below $2,900, with a firm rejection of resistance reinforcing downside risk.
For traders, the technical setup favors selling below $2,899, targeting $2,880, with a stop loss at $2,913. Short-term sentiment hinges on macroeconomic developments, particularly inflation data and Federal Reserve rate expectations, which could dictate the next move.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold faces resistance at $2,909.07, with a breakout targeting $2,915.39 and $2,930.55.
- Support at $2,880.20 is critical; a break below could expose $2,858.99 and $2,838.41.
- Bearish bias remains below $2,900, with traders eyeing sell positions under $2,899 targeting $2,880.
Gold (XAU/USD) is trading at $2,895.25, hovering just below the $2,900 pivot point, signaling indecision in the market. Despite a minor decline, gold remains within a narrow range as traders await key catalysts.
The 50-day EMA at $2,909.07 acts as immediate resistance, aligning closely with short-term price action. A sustained break above this level could push gold toward $2,915.39, with further upside targets at $2,930.55 and $2,954.43.
On the downside, immediate support lies at $2,880.20, and a breach of this level could accelerate selling pressure, exposing gold to $2,858.99 and potentially $2,838.41. The broader trend remains bearish below $2,900, with a firm rejection of resistance reinforcing downside risk.
For traders, the technical setup favors selling below $2,899, targeting $2,880, with a stop loss at $2,913. Short-term sentiment hinges on macroeconomic developments, particularly inflation data and Federal Reserve rate expectations, which could dictate the next move.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2899
Take Profit – 2880
Stop Loss – 2913
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$1900/ -$1400
Profit & Loss Per Mini Lot = +$190/ -$140
GOLD Price Analysis – March 10, 2025
Daily Price Outlook
Gold price (XAU/USD) failed to break its consolidating phase and remains under pressure around the $2,901 level in early European trading session on Monday.
The metal is struggling to gain strong momentum despite support from a weaker US dollar and ongoing global uncertainties.
However, the concerns over the economic impact of US President Donald Trump’s trade tariffs and the risk of a global trade war continue to push investors toward safe-haven assets like gold. Nevertheless, the market remains cautious, and buying interest has been limited.
Meanwhile, the weaker US jobs report has increased expectations that the Federal Reserve will cut interest rates multiple times this year.
Hence, the softer labor market and anticipated policy easing have weighed on the US dollar, keeping it near its lowest level since November.
This has provided some support to gold prices, but the metal remains trapped in a tight range, unable to sustain a breakout.
Uncertainty Over Trump’s Tariffs and Fed Policy Outlook Weigh on Investor Sentiment
Despite the upbeat sentiment in the market, investor sentiment remains on edge due to the uncertainty surrounding US President Trump’s protectionist tariffs.
These tariffs could slow down US economic growth and potentially force the Federal Reserve to resume rate cuts in June.
Recently, Trump expressed uncertainty about upcoming tariffs on Canada, saying they may or may not be implemented on Monday or Tuesday.
This came after a temporary one-month waiver of the 25% tariffs on Canadian and Mexican goods, which was part of the US-Mexico-Canada Agreement.
Consequently, the ongoing uncertainty surrounding trade policies is keeping investors cautious, and they are closely monitoring any further developments. The situation could influence economic growth projections and the Fed’s next moves, adding to market volatility.
On the Fed front, Chair Jerome Powell emphasized on Friday that the economic impact of Trump’s policies is still uncertain.
Meanwhile, San Francisco Fed President Mary Daly mentioned that growing uncertainty among businesses could slow US economic growth but doesn’t yet require an immediate change in policy.
Despite these comments, markets are expecting the Federal Reserve to make three rate cuts of 25 basis points each before the year ends.
This expectation continues to weigh on the US Dollar, creating a bearish outlook and indirectly boosting support for gold prices.
Weaker US Jobs Report Weighs on USD, Supporting Gold But Limiting Momentum
On the data front, the Nonfarm Payrolls (NFP) report revealed that the US economy added 151,000 jobs in February, falling short of the expected 160,000.
Meanwhile, January’s job growth was revised down to 125,000 from the previous 143,000. The unemployment rate unexpectedly increased to 4.1% from 4.0%, raising concerns about a potential slowdown in the labor market.
As a result of the weaker jobs report, US Treasury bond yields have dropped, putting more pressure on the US Dollar. Despite these factors helping gold, the metal remains stuck in a narrow range and is struggling to gain momentum.
GOLD (XAU/USD) – Technical Analysis
Gold prices are holding steady at $2,913.19, reflecting a marginal decline amid cautious market sentiment. The metal has struggled to break above key resistance, with technical indicators suggesting a near-term consolidation phase before a potential breakout.
The pivot point at $2,902.47 is acting as a crucial intraday level, offering a strong base of support. Immediate resistance is identified at $2,929.94, with further hurdles at $2,942.57 and $2,954.43.
If bullish momentum builds, gold could challenge these levels, signaling a continuation of its uptrend. Conversely, support is firm at $2,884.54, with further downside protection at $2,872.63 and $2,858.99. A break below these levels may trigger a deeper correction.
From a technical perspective, gold remains above its 50-day EMA at $2,913.19, reinforcing the bullish trend. However, price action near this level suggests a tug-of-war between buyers and sellers, with the market awaiting a catalyst for directional movement.
If gold sustains a move above $2,913, bullish momentum could push prices toward $2,930, while a failure to hold this level may lead to a test of lower supports.
In conclusion, gold’s near-term trajectory hinges on its ability to maintain support above $2,913. A buy position above $2,913 remains favorable, targeting $2,930, with a stop-loss at $2,905 to mitigate downside risk.
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GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold consolidates near $2,913, holding above the 50-day EMA, signaling a bullish bias.
- A breakout above $2,929 could trigger further upside toward $2,942 and $2,954.
- Buy above $2,913 with targets at $2,930 and a stop-loss at $2,905.
Gold prices are holding steady at $2,913.19, reflecting a marginal decline amid cautious market sentiment. The metal has struggled to break above key resistance, with technical indicators suggesting a near-term consolidation phase before a potential breakout.
The pivot point at $2,902.47 is acting as a crucial intraday level, offering a strong base of support. Immediate resistance is identified at $2,929.94, with further hurdles at $2,942.57 and $2,954.43.
If bullish momentum builds, gold could challenge these levels, signaling a continuation of its uptrend. Conversely, support is firm at $2,884.54, with further downside protection at $2,872.63 and $2,858.99. A break below these levels may trigger a deeper correction.
From a technical perspective, gold remains above its 50-day EMA at $2,913.19, reinforcing the bullish trend. However, price action near this level suggests a tug-of-war between buyers and sellers, with the market awaiting a catalyst for directional movement.
If gold sustains a move above $2,913, bullish momentum could push prices toward $2,930, while a failure to hold this level may lead to a test of lower supports.
In conclusion, gold’s near-term trajectory hinges on its ability to maintain support above $2,913. A buy position above $2,913 remains favorable, targeting $2,930, with a stop-loss at $2,905 to mitigate downside risk.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 2913
Take Profit – 2930
Stop Loss – 2905
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$1700/ -$800
Profit & Loss Per Mini Lot = +$170/ -$80