break trend H1, uptrend back to 3000 XAU

17 Mar

XAU / USD trend forecast March 17, 2025, SCALPING

⚠️The price of gold (XAU/USD) finds support from dip-buyers at the start of the new week, maintaining stability just below its record high, surpassing the key $3,000 psychological threshold reached on Friday. Ongoing concerns over intensifying trade disputes and their potential effects on the global economy, coupled with geopolitical uncertainties, continue to bolster demand for the safe-haven metal. Additionally, growing expectations that the Federal Reserve (Fed) will implement multiple interest rate cuts this year further strengthen the appeal of the non-yielding yellow metal.

⚠️ The price range 3000 - 2975 is becoming an accumulation price range, aiming for a new price increase in the long-term frame.

🚨/// SELL XAU : zone 3002-3005

SL: 3008

TP: 50 - 100 - 150pips (2990)


Safe and profitable trading

17 Mar

İşlem aktif

Following the trend of increasing, gold moved towards 3002 according to the Sell signal reaction

17 Mar

İşlem kapandı: hedefe ulaştı

Gold price surpasses $ 3,000, will have a new ATH today