Gold recovers trendline and continues to decline

3 Mar

XAU / USD trend forecast March 3, 2025

⚠️ Gold prices (XAU/USD) find some support, rising to around $2,870 during the early Asian session on Monday. Ongoing geopolitical tensions, particularly the Russia-Ukraine conflict, continue to bolster demand for the precious metal. Market participants will be closely watching the release of the US February ISM Manufacturing Purchasing Managers Index (PMI) later in the day.

Meanwhile, according to Russia's state-run RIA news agency, a fire has broken out at an oil refinery in the city of Ufa. The regional branch of Russia’s emergency ministry assured that there is no immediate threat to residents in nearby areas. However, the cause of the fire remains unknown.

⚠️Gold price temporarily recovered at the beginning of the week, touched the H1 trendline and continued the downward correction trend.

🚨/// SELL XAU : zone 2882-2885

SL: 2890

TP: 50 - 150 - 300pips (2855)


🚨/// BUY XAU : zone 2833-2836

SL: 2828

TP: 50 - 150 - 300pips (2863)

Safe and profitable trading

3 Mar

İşlem aktif

Gold price recovered in the area 2870, waiting for the price area of ​​2882

3 Mar

İşlem kapandı: hedefe ulaştı

+ 85 pips , amazing profit . Signal SELL 2882-2885 .