empty
18.03.2025 06:08 PM
Trading Signals for GOLD (XAU/USD) for March 18-20, 2025: sell below $3,037 (+2/8 Murray + W_R1)

This image is no longer relevant

Early in the American session, gold was trading at 3,029.38, above the +1/8 Murray level, reaching overbought levels and above the psychological level of $3,000.

Market fears are driving the price of the precious metal. We believe that once these events occur, gold will suffer a strong technical correction.

Technically, gold is overbought. However, it could continue to rise in the coming days, reaching the +2/8 Murray level at 3,046.88.

The H4 chart shows gold facing strong weekly resistance around 3,037, which could serve as a barrier as it is technically showing overbought signs.

Gold could suffer a strong technical correction below +2/8 Murray due to the extreme overbought levels observed. Hence, the metal could reach the support level of 3,007 and even reach the 21-SMA around 2,989.

Since gold is a safe haven asset in the face of risk aversion, investors are trying to buy this instrument. We believe it could continue to rise in the coming hours. So, we could continue buying above 3,020.

We also expect a strong technical correction, as XAU could fall toward the support level of 2,980 and even reach the Murray 8/8 at 2,968.

Dimitrios Zappas,
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

Trading Signals for EUR/USD for April 11-15, 2025: sell below 1.1470 (+2/8 Murray - overbought)

During the European session, the euro reached a new high around +2/8 Murray, located at 1.1473. This movement in EUR/USD occurred after the announcement by China's Ministry of Finance that

Dimitrios Zappas 16:44 2025-04-11 UTC+2

Trading Signals for GOLD (XAU/USD) for April 11-13, 2025: sell below $3,235 (+1/8 Murray - overbought)

Early in the American session, gold is undergoing a strong technical correction after reaching a new high around 3,237.69 for now. Economic data from the United States will be released

Dimitrios Zappas 16:04 2025-04-11 UTC+2

EUR/USD – April 11th. The Dollar's Decline Shows No Sign of Stopping

On Thursday, the EUR/USD pair spent the entire day in an upward move, gaining 400 points and approaching the 261.8% Fibonacci corrective level at 1.1318. A rebound from this level

Samir Klishi 12:36 2025-04-11 UTC+2

Forecast for GBP/USD on April 11, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Thursday and secured a position above the 127.2% corrective level at 1.3003 – by Friday morning. This suggests

Samir Klishi 12:32 2025-04-11 UTC+2

Forex forecast 11/04/2025: EUR/USD, GBP/USD, SP500, NASDAQ, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:52 2025-04-11 UTC+2

EUR/USD Forecast for April 11, 2025

Over the past day and this morning, the euro has reached the target range of 1.1385–1.1420, corresponding to the highs of June 2019 and 2020. The signal line

Laurie Bailey 05:03 2025-04-11 UTC+2

GBP/USD Forecast for April 11, 2025

The British pound has reached the target level of 1.3001. The signal line of the Marlin oscillator is breaking through the zero line into bullish territory, opening the way toward

Laurie Bailey 05:03 2025-04-11 UTC+2

USD/JPY Forecast for April 11, 2025

Yesterday, the USD/JPY pair decisively broke through the wide support range of 145.08/91 and reached the target level of 143.45 during today's Pacific session. The Marlin oscillator has only recently

Laurie Bailey 05:03 2025-04-11 UTC+2

Trading Signals for GOLD (XAU/USD) for April 10-12, 2025: sell below $3,145 (21 SMA - 8/8 Murray)

The Eagle indicator is reaching oversold levels and is giving a negative signal, so we will look for opportunities to sell below 3,145 or below 3,131 with a target

Dimitrios Zappas 15:37 2025-04-10 UTC+2

EUR/USD. April 10. Trump Continues to Shake the Markets

On Wednesday, the EUR/USD pair made two rebounds from the resistance zone of 1.1081–1.1095, turned in favor of the U.S. dollar, and declined toward the support zone of 1.0944–1.0957

Samir Klishi 12:19 2025-04-10 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.