XAU / USD trend forecast March 12, 2025
⚠️Gold (XAU) surged on Tuesday as escalating trade tensions boosted demand for the safe-haven metal. Despite positive US employment data, traders remained focused on accumulating Bullion. At the time of writing, XAU/USD is trading at $2,917, gaining over 1%.
Market sentiment has improved recently following efforts by the US and Canada to ease tariff-related tensions. Meanwhile, worries over a potential economic slowdown in the US have pushed US Treasury yields and the US Dollar lower, providing additional support for Gold prices.
⚠️ The sideway price range of 2880 - 2930 is still maintained, waiting for big fluctuations from the market, the tariff factor is still expected to be big.
🚨/// SELL XAU : zone 2927-2930
SL: 2935
TP: 50 - 150 - 300pips (2900)
🚨/// BUY XAU : zone 2892-2889
SL: 2884
TP: 50 - 150 - 300pips (2919)
Safe and profitable trading