accumulation phase in uptrend below 3057 ! XAU

21 Mar

XAU / USD trend forecast March 21, 2025

⚠️Gold prices pull back on Thursday as bulls pause following the Federal Reserve's (Fed) latest monetary policy decision and rising tensions in the Middle East. XAU/USD is trading at $3,042, down over 0.19%.

Market sentiment has turned negative, while the US Dollar regains strength, as reflected by the US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies.

Gold traders struggled to push prices higher despite the Fed keeping interest rates unchanged at the 4.25%–4.50% range for the second consecutive meeting. Additionally, Fed officials signaled a slowdown in the pace of quantitative tightening (QT).

⚠️ Gold price peaked at 3057, then moved sideways and accumulated in the 3000 - 3057 price range, waiting for new developments on tariffs in April 2025.

🚨/// SELL XAU : zone 3054-3057

SL: 3062

TP: 50 - 150 - 300pips (3027 )


🚨/// BUY XAU : zone 3020-3017

SL: 3012

TP: 50 - 150 - 300pips (3047)

Safe and profitable trading

21 Mar

İşlem aktif

Gold price adjusted strong weekend to $ 3000