Gold under selling pressure, priority is given to holding dollar
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
⚠️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
Trade active
+ 50 pips , signal SELL 2909-2912 , Gold price continues to increase the field and then touch 2920
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💠 Trend analysis: XAU, BTC, Currency,...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.