Gold Spot / U.S. Dollar
Short
Updated

retest breakout, downtrend is still maintained

193
XAU / USD trend forecast March 4, 2025

⚠️ Gold prices are surging over 1% on Monday, rebounding from two consecutive days of losses as the US Dollar weakens amid rising safe-haven demand and declining US Treasury bond yields. Geopolitical tensions and tariff threats from US President Donald Trump have further boosted the appeal of the precious metal. At the time of writing, XAU/USD is trading at $2,888.

⚠️Gold price recovered at the beginning of the week Monday, returned to the breakout price zone, retested the H1 trendline 2897 and continued to decrease.

🚨/// SELL XAU : zone 2896-2899

SL: 2904

TP: 50 - 150 - 300pips (2869)



🚨/// BUY XAU : zone 2852-2849

SL: 2844

TP: 50 - 150 - 300pips (2879)


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Gold price recover strongly, return to 2925. Tax policy applied today helps gold grow

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