empty
06.03.2025 06:56 PM
XAU/USD: Analysis and Forecast

This image is no longer relevant

Gold is attracting sellers today, yet it manages to hold above the $2,900 level.

Despite selling pressure, gold remains above $2,900 as market sentiment shifts toward riskier assets. The recent U.S. tariff concessions on Canada and Mexico have fueled risk appetite, leading to capital outflows from safe-haven assets such as gold. However, the intraday decline lacks strong fundamental backing, suggesting that losses may remain limited.

Investors remain concerned about President Donald Trump's tariff policies and the rising risk of a global trade war. These factors continue to support gold, which is traditionally seen as a safe-haven asset. Additionally, expectations that Trump's economic policies could slow U.S. growth, prompting the Federal Reserve to implement deeper rate cuts in 2025, are providing further support, preventing a steep gold selloff.

Technical Analysis

A break above the $2,934 level could push gold prices back toward the all-time high of $2,956, recorded in February. Such a move could act as a bullish trigger, reinforcing the long-term uptrend, which remains intact, supported by positive oscillators on the daily chart.

However, the lack of follow-through buying calls for caution before initiating new long positions. Any corrective pullback could be viewed as a buying opportunity near the key psychological level of $2,900. However, if selling pressure intensifies, a deeper decline could target intermediate support at $2,880, followed by the next downside level at $2,855.

This image is no longer relevant

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USDJPY: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 150.75 level occurred when the MACD indicator had already moved significantly below the zero line, which limited

Jakub Novak 19:04 2025-03-28 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.2950 level occurred just as the MACD indicator began to rise from the zero line, confirming a valid

Jakub Novak 19:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the Euro The price test at 1.0785 occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downward

Jakub Novak 18:57 2025-03-28 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 150.91 occurred when the MACD indicator had just begun moving upward from the zero mark, confirming a valid entry point for buying the dollar

Jakub Novak 08:01 2025-03-28 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.2927 occurred when the MACD indicator started moving down from the zero mark, confirming a valid entry point for selling the pound. However

Jakub Novak 08:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.0806 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For that reason, I didn't

Jakub Novak 08:00 2025-03-28 UTC+2

Intraday Strategies for Beginner Traders on March 28

The euro and the pound have shown that no one is ready for a major sell-off. However, there was no active support from big market participants positioned for long positions

Miroslaw Bawulski 07:15 2025-03-28 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the Japanese yen The test of the 150.27 level occurred when the MACD indicator had just begun to rise from the zero mark, confirming

Jakub Novak 18:04 2025-03-27 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the British pound The test of the 1.2905 level occurred when the MACD had already moved significantly below the zero line, which limited

Jakub Novak 18:02 2025-03-27 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the euro The test of the 1.0772 level occurred when the MACD indicator had just begun to move downward from the zero mark, confirming

Jakub Novak 17:59 2025-03-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.