Trading Strategy (XAUUSD) March19, 2025

Gold prices traded slightly lower from a record high hit in the previous session on Wednesday, supported by safe-haven demand fueled by geopolitical tensions and tariff uncertainty, while traders awaited a Federal Reserve policy decision.

Israeli airstrikes hit Gaza and killed more than 400 people on Tuesday, Palestinian health officials said, breaking nearly two months of peace since a ceasefire took effect, while Israel warned that the attack was "just the beginning".

Investors are concerned about the economic slowdown and the risk of a recession rising due to US President Donald Trump's tariffs, which are seen as likely to fuel inflation.

XAUUSD trading strategy around the price zone:

SELL XAUUSD around 3038-3040
Stoploss: 3045
Take Profit 1: 3032
Take Profit 2: 3028
Take Profit 3: 3023

BUY XAUUSD around 3002-3004
Stoploss: 2998
Take Profit 1: 3010
Take Profit 2: 3015
Take Profit 3: 3020

Note: Always set Stoploss in all cases to be safe