GOLD Price Analysis – March 28, 2025
Daily Price Outlook
During the European trading session, the Gold price (XAU/USD) extended its bullish momentum for the second consecutive day, surging to a fresh all-time high around the $3,085 region.
However, the ongoing trade war concerns, triggered by US President Donald Trump’s announcement of auto tariffs, have fueled market uncertainty, prompting investors to seek refuge in the safe-haven metal.
Moreover, the ongoing expectations that Trump's aggressive trade policies could slow US economic growth and push the Federal Reserve (Fed) towards renewed rate cuts have further supported Gold’s upward trend.
Despite a modest uptick in the US Dollar (USD), the non-yielding yellow metal continued to attract strong demand as market participants brace for upcoming US economic data.
US Tariffs and Fed Rate Cut Expectations Boost Gold
On Wednesday, President Trump imposed a 25% tariff on imported cars and light trucks, set to take effect on April 3.
This move, coupled with existing 25% tariffs on steel and aluminum, has intensified fears of a broader global trade war.
Investors remain on edge ahead of next week’s anticipated reciprocal tariffs, further lifting Gold to new record highs.
Meanwhile, markets are increasingly pricing in the likelihood of the Federal Reserve lowering interest rates at its June policy meeting due to concerns over trade-driven economic deceleration.
The resilience of Gold prices, despite strong US macroeconomic data and mostly hawkish Fed comments, underscores the growing safe-haven demand amid heightened geopolitical risks.
Stronger US Data Fails to Deter Gold’s Rally
Despite a strong US economic backdrop, Gold prices have continued their upward trend. On Thursday, the US Bureau of Economic Analysis (BEA) reported that the fourth-quarter Gross Domestic Product (GDP) expanded at an annualized pace of 2.4%, exceeding expectations of 2.3%. Meanwhile, initial jobless claims dropped slightly to 224K, reinforcing the strength of the US labor market.
Fed officials are being careful about future changes to policy. Richmond Fed President Tom Barkin said the current approach is suitable because the economy is uncertain.
Boston Fed President Susan Collins also warned that Trump's trade policies could increase inflation, but it's unclear how much.
Looking ahead, market focus shifts to the upcoming US Personal Consumption Expenditure (PCE) Price Index, the Fed’s preferred inflation gauge.
Investors will closely analyze the data to assess potential rate-cut trajectories, which could further influence USD dynamics and provide fresh momentum for Gold prices.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) extended its rally on Friday, trading at $3,081.94 with a 0.27% gain on the day. The metal is showing continued strength as it hovers near record highs, buoyed by safe-haven flows and dovish monetary policy expectations.
Technically, gold remains firmly positioned above its key pivot point at $3,070.09, reinforcing bullish control in the short term.
The 4-hour chart reveals a sustained uptrend, supported by a rising channel and the 50-period EMA at $3,029.63.
With price action maintaining a comfortable distance above this moving average, momentum favors continued upside, provided the metal holds above immediate support at $3,055.67.
Additional support zones lie at $3,036.63 and $3,013.17—both of which could cushion any short-term pullbacks.
On the upside, immediate resistance is noted at $3,089.64. A decisive break above this level could pave the way toward $3,103.01, followed by a potential extension to $3,118.39.
The Relative Strength Index (RSI) is currently pointing upward but has yet to enter overbought territory, suggesting there is room for further gains before momentum stalls.
Gold’s bullish structure is further validated by the fact that price continues to respect both trendline and moving average support, while making higher highs and higher lows.
Traders may look to enter long positions above $3,070 with a target near $3,105, while keeping stops below $3,045 to manage downside risk.
Unless a sharp reversal breaks below $3,055, the current technical setup continues to favor buyers.
Related News
- EUR/USD Price Analysis – March 28, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains bullish above $3,070, supported by a strong uptrend and 50 EMA at $3,029.
- A break above $3,089 may trigger upside toward $3,103 and $3,118.
- Support zones at $3,055 and $3,036 could absorb minor corrections.
Gold (XAU/USD) extended its rally on Friday, trading at $3,081.94 with a 0.27% gain on the day. The metal is showing continued strength as it hovers near record highs, buoyed by safe-haven flows and dovish monetary policy expectations.
Technically, gold remains firmly positioned above its key pivot point at $3,070.09, reinforcing bullish control in the short term.
The 4-hour chart reveals a sustained uptrend, supported by a rising channel and the 50-period EMA at $3,029.63.
With price action maintaining a comfortable distance above this moving average, momentum favors continued upside, provided the metal holds above immediate support at $3,055.67.
Additional support zones lie at $3,036.63 and $3,013.17—both of which could cushion any short-term pullbacks.
On the upside, immediate resistance is noted at $3,089.64. A decisive break above this level could pave the way toward $3,103.01, followed by a potential extension to $3,118.39.
The Relative Strength Index (RSI) is currently pointing upward but has yet to enter overbought territory, suggesting there is room for further gains before momentum stalls.
Gold’s bullish structure is further validated by the fact that price continues to respect both trendline and moving average support, while making higher highs and higher lows.
Traders may look to enter long positions above $3,070 with a target near $3,105, while keeping stops below $3,045 to manage downside risk.
Unless a sharp reversal breaks below $3,055, the current technical setup continues to favor buyers.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3070
Take Profit – 3105
Stop Loss – 3045
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$3500/ -$2500
Profit & Loss Per Mini Lot = +$350/ -$250
GOLD Price Analysis – March 27, 2025
Daily Price Outlook
Gold (XAU/USD) surged higher on Thursday, gaining around 1.18%, trading at $3,055, as market concerns about the escalating trade tensions between the United States and its major trading partners led investors to flock to the precious metal.
However, the spike in gold prices was primarily fueled by the latest trade war developments, following US President Donald Trump’s announcement of a new 25% tariff on auto imports.
Trade Tensions and Tariff Threats Drive Gold’s Safe-Haven Appeal
President Trump’s decision to implement a 25% tariff on all cars not made in the United States has raised fears of retaliatory measures, including potential duties on lumber, semiconductors, and pharmaceuticals.
This uncertainty has led to an increased demand for gold as a safe-haven asset, with investors seeking protection against the potential economic fallout. The situation is still unclear, with many unsure about the details of the tariffs that will be introduced on April 2nd and 3rd, which is adding to market worries.
Meanwhile, the ongoing legal battle between Sibanye and Gold Fields over property valuations has added to the uncertainty surrounding gold mining operations, contributing to the overall bullish sentiment in the gold market.
Goldman Sachs Raises Gold Price Forecast to $3,300
In response to the market uncertainty, Goldman Sachs has raised its year-end gold price forecast to $3,300 per ounce, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange-traded funds (ETFs).
The bank’s revised outlook reflects the growing confidence in gold’s role as a hedge against rising trade risks and inflation concerns. With central banks globally continuing to accumulate gold, the precious metal’s bullish momentum is expected to continue, bolstered by these factors.
Mixed Market Sentiment and the US Dollar’s Weakness
On the broader market front, the US dollar continues to struggle, providing further support for gold. The US dollar remains under pressure as market participants anticipate the potential impact of additional tariffs, as well as growing speculation about interest rate cuts by the Federal Reserve.
Therefore, the struggling US dollar makes gold more attractive to investors, as it strengthens gold’s appeal as a safe-haven asset. The anticipation of tariffs and rate cuts further supports gold’s price.
Looking ahead, traders are closely monitoring further developments in the trade dispute and any changes in US monetary policy that could influence gold’s performance in the coming months.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) continues to show resilience despite modest intraday pressure, currently trading near $3,028.27.
The metal is consolidating just above its key pivot point at $3,021.46, which also aligns closely with the 50-period Exponential Moving Average (EMA) at $3,021.41. This convergence is acting as a short-term anchor, maintaining the metal’s bullish structure.
On the upside, the first resistance level is located at $3,039.33. A sustained move above this level could open the door to $3,047.18 and potentially $3,057.66, the latter of which marks last week’s high and a critical breakout point.
However, bulls need a convincing push through $3,039.33 to reassert control and challenge these higher targets.
On the downside, immediate support rests at $3,005.28. A breach here could expose gold to a deeper pullback toward $2,993.39 and $2,982.18.
These levels represent key technical defenses that have previously triggered buying interest. A close below $2,982 would indicate a breakdown from the current bullish setup.
From a trading perspective, the structure favors a tactical long position above $3,021, targeting $3,039 while maintaining a stop at $3,011 to mitigate downside risk.
Related News
- AUD/USD Price Analysis – March 27, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold holds above the $3,021 pivot and 50 EMA, reinforcing bullish momentum.
- Immediate resistance lies at $3,039, followed by $3,047 and $3,057.
- A drop below $3,005 may expose deeper support at $2,982.
Gold (XAU/USD) continues to show resilience despite modest intraday pressure, currently trading near $3,028.27.
The metal is consolidating just above its key pivot point at $3,021.46, which also aligns closely with the 50-period Exponential Moving Average (EMA) at $3,021.41. This convergence is acting as a short-term anchor, maintaining the metal’s bullish structure.
On the upside, the first resistance level is located at $3,039.33. A sustained move above this level could open the door to $3,047.18 and potentially $3,057.66, the latter of which marks last week’s high and a critical breakout point.
However, bulls need a convincing push through $3,039.33 to reassert control and challenge these higher targets.
On the downside, immediate support rests at $3,005.28. A breach here could expose gold to a deeper pullback toward $2,993.39 and $2,982.18.
These levels represent key technical defenses that have previously triggered buying interest. A close below $2,982 would indicate a breakdown from the current bullish setup.
From a trading perspective, the structure favors a tactical long position above $3,021, targeting $3,039 while maintaining a stop at $3,011 to mitigate downside risk.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3021
Take Profit – 3039
Stop Loss – 3011
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$1800/ -$1000
Profit & Loss Per Mini Lot = +$180/ -$100
GOLD Price Analysis – March 26, 2025
Daily Price Outlook
Gold prices are finding it tough to hold recent gains, with XAU/USD hovering just above the crucial $3,000 mark on Wednesday.
Investors remain on edge as mixed economic signals and shifting Federal Reserve expectations create uncertainty in the market.
While expectations of Fed rate cuts continue to provide support, a modest rebound in the U.S. dollar and upbeat sentiment in equity markets are limiting gold’s upward trend.
Traders are now watching key U.S. economic data releases, including Durable Goods Orders and speeches from Fed officials, which could sway sentiment around both the dollar and gold.
Mixed Economic Signals Keep Investors on Edge
The U.S. dollar has gained traction after hitting a three-week low, fueled by investor caution ahead of upcoming economic reports.
However, Tuesday’s Consumer Confidence Index painted a gloomy picture, dropping to 92.9—the lowest in four years.
In the meantime, the Expectations Index, which reflects consumer outlook, fell to a 12-year low of 65.2, often seen as a sign of a potential recession.
Despite this, the Fed remains cautious. Governor Adriana Kugler pushed back against aggressive rate cuts, arguing that inflation risks still linger.
However, markets are pricing in rate cuts as early as June, with additional easing expected in July and October. With the Fed lowering its growth outlook, gold traders are closely watching whether incoming data will reinforce the case for a looser monetary policy.
Trade Tensions and Geopolitical Uncertainty Weigh on Sentiment
On the other hand, the former President Donald Trump’s proposed tariff plans for April 2 are making investors nervous. His administration is reportedly considering reciprocal tariffs on 15 major trading partners, which could reignite global trade tensions.
Meanwhile, Trump’s secondary sanctions on Venezuela are adding further complications to the geopolitical landscape.
On a positive note, U.S.-mediated negotiations have led to a temporary halt in military strikes between Russia and Ukraine in the Black Sea and energy infrastructure.
Meanwhile, China’s latest stimulus measures are boosting domestic consumption, fueling optimism in global markets. However, this renewed risk appetite is dampening gold’s safe-haven appeal in the short term.
What’s Next? Key Data to Watch
Moving ahead, traders now have their eyes on Wednesday’s U.S. Durable Goods Orders report, followed by the highly anticipated Personal Consumption Expenditures (PCE) Price Index on Friday—the Fed’s preferred inflation gauge.
If inflation shows further signs of softening, it could reinforce expectations for aggressive rate cuts, providing a tailwind for gold prices.
However, any surprises to the upside in inflation data could strengthen the dollar and pressure gold lower.
For now, gold is struggling to stay above $3,000 as traders deal with mixed economic signals, changing Fed policies, and global uncertainties.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $3,024.43, showing marginal gains of +0.02%, as the market holds steady above its key pivot point at $3,014.07.
The broader structure remains constructive, with price action supported by the 50-period EMA at $3,019.71, which continues to act as a dynamic support level on the 4-hour chart.
Immediate resistance lies at $3,033.81, and a clean break above this level would open the path toward $3,053.86, followed by the higher resistance at $3,071.37.
These levels align with previous swing highs, making them critical zones to monitor for potential bullish continuation.
On the downside, $3,000.06 serves as the immediate support level, followed by deeper cushions at $2,982.18 and $2,966.96, where the price could stabilize if momentum shifts lower.
Technically, the price remains above the 50 EMA, reinforcing short-term strength. Momentum indicators are neutral, suggesting consolidation before a potential breakout.
The trendline structure remains intact, and as long as gold maintains price action above $3,015, buying interest is expected to dominate.
The near-term strategy favors a buy-above-$3,015 approach, with an initial target at $3,035 and a protective stop just below the support line at $3,005.
A move below this would invalidate the bullish setup and increase the probability of a pullback toward the $2,980 zone.
Related News
- GBP/USD Price Analysis – March 26, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains bullish above $3,015, with resistance at $3,033 and $3,053 in focus.
- 50 EMA at $3,019 provides near-term support and confirms trend direction.
- Break below $3,000 may trigger selling toward $2,982 and $2,966.
Gold (XAU/USD) is trading at $3,024.43, showing marginal gains of +0.02%, as the market holds steady above its key pivot point at $3,014.07.
The broader structure remains constructive, with price action supported by the 50-period EMA at $3,019.71, which continues to act as a dynamic support level on the 4-hour chart.
Immediate resistance lies at $3,033.81, and a clean break above this level would open the path toward $3,053.86, followed by the higher resistance at $3,071.37.
These levels align with previous swing highs, making them critical zones to monitor for potential bullish continuation.
On the downside, $3,000.06 serves as the immediate support level, followed by deeper cushions at $2,982.18 and $2,966.96, where the price could stabilize if momentum shifts lower.
Technically, the price remains above the 50 EMA, reinforcing short-term strength. Momentum indicators are neutral, suggesting consolidation before a potential breakout.
The trendline structure remains intact, and as long as gold maintains price action above $3,015, buying interest is expected to dominate.
The near-term strategy favors a buy-above-$3,015 approach, with an initial target at $3,035 and a protective stop just below the support line at $3,005.
A move below this would invalidate the bullish setup and increase the probability of a pullback toward the $2,980 zone.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3015
Take Profit – 3035
Stop Loss – 3005
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$2000/ -$1000
Profit & Loss Per Mini Lot = +$200/ -$100
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains bullish above $3,014 pivot, eyeing $3,033 and $3,053 resistance levels.
- 50-day EMA at $3,030.25 serves as near-term barrier to upside continuation.
- A drop below $3,000 could trigger a shift toward $2,982 or lower support levels.
Gold (XAU/USD) is trading slightly higher at $3,017.54, up just 0.01% in early Tuesday trade, as investors weigh conflicting macroeconomic cues and await fresh catalysts.
On the 4-hour chart, the metal is holding above its key pivot point at $3,014.07—a level that has provided a short-term technical base for bulls.
Price action remains range-bound, but constructive, especially as gold trades above immediate support at $3,000.06 and below the nearby resistance at $3,033.81.
The broader structure shows gold finding support along the rising channel, and though momentum has cooled, the technical picture suggests buyers are still in control—at least for now.
The 50-day EMA, currently at $3,030.25, is acting as dynamic resistance, capping recent upside attempts. A clean break above this level would likely trigger a move toward the next resistance at $3,053.86, with $3,071.37 a possible near-term ceiling.
On the downside, a decisive drop below $3,000.06 could open the door to a deeper pullback toward $2,982.18 and potentially $2,966.96.
That said, any break below $2,999 could negate the current bullish bias and shift sentiment in favor of sellers.
With gold holding just above its pivot and technical structure remaining intact, traders will be closely watching for a breakout above the $3,033–$3,035 zone to confirm the next leg higher. Until then, price is likely to consolidate between $3,000 and $3,033.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Bullish Above 3014
Take Profit – 3046
Stop Loss – 2999
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$3200/ -$1500
Profit & Loss Per Mini Lot = +$320/ -$150
GOLD Price Analysis – March 25, 2025
Daily Price Outlook
Gold (XAU/USD) is steady near $3,025 on Tuesday as traders react to US President Donald Trump's new tariff policies.
He has imposed a 25% “secondary tariff” on all imports from countries buying oil from Venezuela, affecting major economies like China and India. This move has added economic uncertainty, increasing demand for gold as a safe-haven asset.
Gold Prices Strengthen as Trade Tensions and ETF Inflows Increase Demand
On Monday, Trump said the US would ease reciprocal tariffs for countries that meet its reshoring demands.
At the same time, he announced new tariffs on cars, aluminum, and pharmaceuticals, with possible levies on lumber and semiconductor chips.
These trade policies have raised concerns about global economic stability, increasing uncertainty in financial markets.
On the other hand, a recent trend shows more investors are putting money into bullion-backed Exchange-Traded Funds (ETFs) as economic uncertainties grow.
This shift towards gold could provide more support for its price as we approach the second quarter of 2025. According to Bloomberg, the increased interest in gold ETFs reflects growing confidence in gold’s long-term strength amid ongoing geopolitical and economic challenges.
Therefore, the uncertainty from new trade policies and the growing interest in gold-backed ETFs could increase demand for gold as a safe-haven asset, potentially boosting its price heading into 2025.
Gold Remains Strong Amid Trade Tensions and Tariff Uncertainties
Meanwhile, the new proposal from the Trump administration to impose tariffs on Chinese-made ships entering US ports has caused concern in the agriculture sector. US farmers worry that rising costs could hurt exports of wheat, corn, and soybeans, adding more economic pressure.
Looking ahead, gold remains strong above the $3,000 mark, as trade tensions and tariff uncertainties make it more appealing as a safe-haven asset.
The market will closely watch developments in US-China trade relations and Trump’s changing tariff policies. If economic instability continues, gold could rise further, supported by strong ETF investments and growing geopolitical risks.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading slightly higher at $3,017.54, up just 0.01% in early Tuesday trade, as investors weigh conflicting macroeconomic cues and await fresh catalysts.
On the 4-hour chart, the metal is holding above its key pivot point at $3,014.07—a level that has provided a short-term technical base for bulls.
Price action remains range-bound, but constructive, especially as gold trades above immediate support at $3,000.06 and below the nearby resistance at $3,033.81.
The broader structure shows gold finding support along the rising channel, and though momentum has cooled, the technical picture suggests buyers are still in control—at least for now.
The 50-day EMA, currently at $3,030.25, is acting as dynamic resistance, capping recent upside attempts. A clean break above this level would likely trigger a move toward the next resistance at $3,053.86, with $3,071.37 a possible near-term ceiling.
On the downside, a decisive drop below $3,000.06 could open the door to a deeper pullback toward $2,982.18 and potentially $2,966.96.
That said, any break below $2,999 could negate the current bullish bias and shift sentiment in favor of sellers.
With gold holding just above its pivot and technical structure remaining intact, traders will be closely watching for a breakout above the $3,033–$3,035 zone to confirm the next leg higher. Until then, price is likely to consolidate between $3,000 and $3,033. (edited)
Related News
- AUD/USD Price Analysis – March 25, 2025
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold holds above key pivot at $3,014; bullish momentum intact above $3,033.
- Immediate resistance sits at $3,033.81; support forms at $3,000.06.
- Entry strategy: Buy above $3,014; target $3,046; stop loss at $2,999.
Gold (XAU/USD) is trading slightly lower at $3,023.95, down 0.04% on the day, as investors digest shifting interest rate expectations and geopolitical headlines.
The metal is consolidating within a well-defined range, holding just above its key pivot point at $3,014.07. This zone is critical for near-term direction, as a sustained break above this level could reinforce the bullish case.
The 50-day Exponential Moving Average (EMA), currently at $3,033.70, acts as immediate dynamic resistance.
A break above this EMA would open the door for a retest of the first resistance at $3,033.81, followed by $3,053.86 and the upper barrier at $3,071.37. These levels align with recent swing highs and represent important technical hurdles for buyers.
On the downside, gold is finding initial support at $3,000.06. A break below this figure could trigger a deeper pullback toward $2,982.18 and $2,966.96, the latter coinciding with the lower boundary of the current ascending channel.
Despite today’s marginal decline, gold’s broader structure remains intact as long as price holds above the $3,000 psychological level.
Traders are watching closely for confirmation of direction, especially ahead of key U.S. economic data releases later this week.
A decisive move above $3,033 could spark bullish momentum toward $3,046—close to the short-term take-profit zone. Conversely, a breach below $2,999 would likely invalidate the current bullish setup.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Bullish Above 3014
Take Profit – 3046
Stop Loss – 2999
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$3200/ -$1500
Profit & Loss Per Mini Lot = +$320/ -$150
GOLD Price Analysis – March 24, 2025
Daily Price Outlook
Gold (XAU/USD) managed to stop its downward trend and gained momentum above the $3,030 level. However, this upward movement could be short-lived due to improved market sentiment following news about changes in US trade policy.
The Trump administration is considering easing the broad tariffs imposed on April 2 and shifting to more targeted tariffs focused on specific sectors or regions.
This shift has reduced market concerns about the possibility of widespread retaliatory tariffs, which could hurt the global economy.
While the goal of these tariffs is to bring manufacturing back to the US, experts believe that much higher tariffs, along with government subsidies, would be needed to truly reshuffle global supply chains.
Therefore, the potential easing of broad tariffs and shift to targeted tariffs could reduce market uncertainty, weakening gold's safe-haven appeal and potentially halting its upward momentum in the short term.
US Dollar Pulls Back Amid Economic Concerns and Fed Tightening Signals
On the US front, the broad-based US dollar edged lower, pulling back from its three-day winning streak and trading around 104.00.
This decline comes amid increasing concerns about a potential slowdown in the US economy, partly due to President Trump's trade policies.
However, the Greenback had briefly strengthened after hawkish comments from Federal Reserve Chair Jerome Powell last week, where he mentioned that while the labor market is strong and inflation is moving closer to the Fed's 2% target, it remains above desired levels.
This suggests that the Fed might continue tightening its monetary policy. However, overall market sentiment remains cautious.
Gold Gains Appeal Amid US Dollar Weakness and Rising Global Risks
Despite the weakness of the US dollar, gold remains a popular safe-haven asset as global economic and geopolitical risks increase.
Traders are paying close attention to the potential effects of new tariffs, changes in trade policies, and ongoing tensions with China.
This market uncertainty, along with growing demand for gold, has made the precious metal even more attractive.
At the same time, Chinese metals producer Zijin Mining Group reported record profits, thanks to rising gold and copper prices.
The company also highlighted growing global economic risks, reinforcing the idea that investors are turning to gold amid rising market uncertainty.
Despite the challenges ahead, gold’s performance will likely be influenced by the results of US trade policies and upcoming economic data.
The March US S&P Global Manufacturing PMI could offer insights into the US economy’s health, which may affect investor sentiment towards gold.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading slightly lower at $3,023.95, down 0.04% on the day, as investors digest shifting interest rate expectations and geopolitical headlines.
The metal is consolidating within a well-defined range, holding just above its key pivot point at $3,014.07. This zone is critical for near-term direction, as a sustained break above this level could reinforce the bullish case.
The 50-day Exponential Moving Average (EMA), currently at $3,033.70, acts as immediate dynamic resistance.
A break above this EMA would open the door for a retest of the first resistance at $3,033.81, followed by $3,053.86 and the upper barrier at $3,071.37. These levels align with recent swing highs and represent important technical hurdles for buyers.
On the downside, gold is finding initial support at $3,000.06. A break below this figure could trigger a deeper pullback toward $2,982.18 and $2,966.96, the latter coinciding with the lower boundary of the current ascending channel.
Despite today’s marginal decline, gold’s broader structure remains intact as long as price holds above the $3,000 psychological level.
Traders are watching closely for confirmation of direction, especially ahead of key U.S. economic data releases later this week.
A decisive move above $3,033 could spark bullish momentum toward $3,046—close to the short-term take-profit zone. Conversely, a breach below $2,999 would likely invalidate the current bullish setup.
Related News
- EUR/USD Price Analysis – March 24, 2025