Gold Spot / U.S. Dollar
Short
Updated

Short-term downtrend, gold continues to correct

187
XAU / USD trend forecast March 24, 2025

⚠️Gold prices (XAU/USD) continue to decline, slipping to around $3,025 during the early Asian session on Monday. The precious metal retreats after hitting a record high on Thursday amid renewed optimism for a Ukraine peace agreement. However, expectations of potential rate cuts from the Federal Reserve (Fed) and persistent economic uncertainties could provide support and limit further downside for gold.

On Sunday, Ukrainian and US officials met in Riyadh, Saudi Arabia, to revive efforts to end the three-year-long war, as President Donald Trump pushes for a ceasefire. Ukrainian Defense Minister Rustem Umerov described the weekend discussions as “productive and focused.”

⚠️ Gold price moves in a downtrend line, will continue to decrease at the end of March to have liquidity to prepare for April with a series of new tax policies of Trump on the EU

🚨/// SELL XAU : zone 3044-3047

SL: 3052

TP: 50 - 150 - 300pips (3017 )


🚨/// BUY XAU : zone 3001-2998

SL: 2993

TP: 50 - 150 - 300pips (3028)

Safe and profitable trading
Trade active
Great, exactly the trend of reduction today. Gold price returned below 3010
Trade closed: target reached

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