XAU / USD trend forecast March 10, 2025
⚠️Gold price (XAU/USD) finds some support around $2,915 during the early Asian session on Monday. Ongoing global uncertainty and the risk of a global trade war triggered by US President Donald Trump help underpin the precious metal.
Last week, on Thursday, President Trump signed an executive order exempting goods from Canada and Mexico under the USMCA trade agreement, just two days after imposing tariffs. However, on Sunday, US Commerce Secretary Howard Lutnick stated that the 25% tariffs on steel and aluminum imports, scheduled to take effect on Wednesday, are unlikely to be delayed. The uncertainty surrounding Trump’s tariff policies is expected to drive safe-haven demand, supporting Gold prices in the short term.
⚠️ At the beginning of the week, gold prices continued to trade sideways and accumulate above $2,900, waiting for new moves from world tax policies.
🚨/// SELL XAU : zone 2929-2932
SL: 2937
TP: 50 - 150 - 300pips (2902)
🚨/// BUY scalping XAU : zone 2906-2903
SL: 2900
TP: 50 - 100 - 150pips (2918)
🚨/// BUY XAU : zone 2893-2890
SL: 2885
TP: 50 - 150 - 300pips (2920)
Safe and profitable trading