Gold Analysis – March 19, 2025 ✨📈
Gold continues its upward movement after closing a full daily candle above 3030, pushing the price to 3045 so far. Will gold maintain its momentum and break higher, or is a correction coming soon? 🤔
🔹 Bullish Scenario:
✅ Holding above 3050 on a 4-hour candle will reinforce the bullish trend towards 3070/3075.
✅ A breakout above 3090 could drive gold towards 3115 and 3140! 🚀
✅ The RSI indicator still shows positive momentum—will it push prices even higher? 🔥
🔹 Corrective Scenario:
❌ If gold fails to hold above 3050 and falls below 3030, could we see a correction towards 3005? 📉
❌ A daily close below 3005 might push gold down to 2980/2965—a key support zone!
❌ RSI may signal a slowdown—are we due for a pullback before another rally? 😯
🔍 Conclusion:
🔹 Holding above 3050: Supports further upside towards 3070/3075 and possibly 3090! 📊
🔹 Breaking below 3005: Could trigger a move towards 2980/2965 before any potential rebound.
🔹 Will today’s close confirm the bullish breakout, or are we looking at a correction first? 🤨📌
📢 What do you think? Will gold hit 3090 before correcting, or is a pullback imminent? 👀🚀
Gold continues its upward movement after closing a full daily candle above 3030, pushing the price to 3045 so far. Will gold maintain its momentum and break higher, or is a correction coming soon? 🤔
🔹 Bullish Scenario:
✅ Holding above 3050 on a 4-hour candle will reinforce the bullish trend towards 3070/3075.
✅ A breakout above 3090 could drive gold towards 3115 and 3140! 🚀
✅ The RSI indicator still shows positive momentum—will it push prices even higher? 🔥
🔹 Corrective Scenario:
❌ If gold fails to hold above 3050 and falls below 3030, could we see a correction towards 3005? 📉
❌ A daily close below 3005 might push gold down to 2980/2965—a key support zone!
❌ RSI may signal a slowdown—are we due for a pullback before another rally? 😯
🔍 Conclusion:
🔹 Holding above 3050: Supports further upside towards 3070/3075 and possibly 3090! 📊
🔹 Breaking below 3005: Could trigger a move towards 2980/2965 before any potential rebound.
🔹 Will today’s close confirm the bullish breakout, or are we looking at a correction first? 🤨📌
📢 What do you think? Will gold hit 3090 before correcting, or is a pullback imminent? 👀🚀
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.
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.