Gold Spot / U.S. Dollar
Long
Updated

Continue to accumulate above 2900 at the beginning of the week

156
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
Note
+ 65 pips , amazing signal buy SCALPING 2906-2903
Trade active
Sideway price amplitude is being narrowed: 2890 - 2917
Trade closed: target reached
Focus on dollars, keep assets safely. Create pressure on gold price

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