Gold Spot / U.S. Dollar
Long
Updated

Bulls aim for 3043 next week ! XAU | USD

131
XAU / USD trend forecast next week: 17 march - 21 march , 2025

⚠️Traders are closely watching next week’s Federal Reserve (Fed) policy announcement. Last Friday, Fed Chair Jerome Powell stated that "market-based inflation expectations have risen due to tariffs," highlighting concerns that trade policies may drive inflationary pressures higher.

On the data front, the University of Michigan (UoM) Consumer Sentiment Index showed a disappointing reading, while inflation expectations edged higher, influenced by US President Trump’s tariff measures.

Looking ahead, next week’s US economic calendar includes Retail Sales, housing market data, the Fed’s interest rate decision, and its latest economic projections.

⚠️ A historic week for gold prices, seeing prices hit over $3,000 for the first time. Tariff policies from countries around the world have raised concerns about an economic crisis, making gold investment a priority at the moment. Continued strong price increases

🚨 note : Resistance zone : $3005 , $3023 , $3045


🚨note: Support zone : $2955 , $2931


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Note the price of gold can return to the price of 2976 at the beginning of the Asian session.

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