Gold under selling pressure, priority is given to holding dollar

11 Mar

XAU / USD trend forecast March 11, 2025

⚠️Gold (XAU) prices decline at the start of the week, dropping 0.70% and slipping below the $2,900 mark as concerns over a potential US recession intensify due to the controversial trade policies of US President Donald Trump. As of now, the XAU/USD pair is trading at $2,890 after reaching a daily high of $2,918.

Wall Street continues to trend lower, reflecting a gloomy market sentiment amid the ongoing economic slowdown. On Friday, Trump addressed the situation in an interview, stating, “There is a period of transition because what we’re doing is significant. …We’re bringing wealth back to America. …That’s a major shift, and transitions always take a little time.”

⚠️ Gold prices move in a downtrend line, under selling pressure from the market. Fear of global economic crisis, preference for holding dollars instead of other types of investments.

🚨/// SELL XAU : zone 2909-2912

SL: 2917

TP: 50 - 150 - 300pips (2882)


🚨/// BUY XAU : zone 2861-2858

SL: 2853

TP: 50 - 150 - 300pips (2888)

Safe and profitable trading

11 Mar

İşlem aktif

+ 50 pips , signal SELL 2909-2912 , Gold price continues to increase the field and then touch 2920