Gold Spot / U.S. Dollar
Short
Updated

Gold price started to correct down from peak 3057

119
XAU / USD trend forecast March 21, 2025

⚠️Fed policymakers recognized that the labor market remains strong but noted that inflation remains elevated. As a result, they stressed the importance of monitoring risks on both sides of their dual mandate.

They also revised their forecasts for interest rates, economic growth, unemployment, and inflation. Officials now anticipate two rate cuts in 2025, a downgrade in economic growth projections, and a slight uptick in both inflation and the unemployment rate.

Meanwhile, traders are analyzing Fed Chair Powell's neutral and cautious approach. He acknowledged that “uncertainty around the (economic) outlook has increased,” highlighting that some inflationary effects from tariffs have been passed on to consumers. Powell stated, "Our current policy stance is well positioned to deal with the risks and uncertainties we face.”

⚠️ The market is entering the 6th weekend adjustment phase, will be sideways around the 3000 - 3042 range. Prepare for April with a series of new tax policies being applied.

🚨/// SELL XAU : zone 3041-3044

SL: 3049

TP: 50 - 150 - 300pips (3014 )



Safe and profitable trading
Trade active
Gold prices are sideways around 3022 - 3035 in the European session, selling pressure is dominating.
Trade closed: target reached
The decline, accurate sales plan. The 3000 price area supports a large trend

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