Gold Spot / U.S. Dollar
Long
Updated

Gold recovers, breaks 2900, positive again

179
XAU / USD trend forecast March 5, 2025

⚠️Gold prices rise as the US Dollar (USD) weakens amid escalating trade tensions between the United States (US), Canada, Mexico, and China, with new tariffs taking effect on Tuesday. As a result, the USD's decline supports the precious metal. XAU/USD is currently trading at $2,918, up 0.62%.

Market sentiment remains negative after the implementation of 25% tariffs on Canada and Mexico, along with an additional 10% levy on Chinese goods at midnight. In response, investors seeking safe-haven assets drove Bullion prices higher, while the Greenback weakened across the board.

⚠️ Gold price recovered thanks to the tax policy of Canada, Mexico and China officially took effect yesterday, growing again around 2930. Positive and heading towards new ATH

🚨/// SELL XAU : zone 2940-2943

SL: 2948

TP: 50 - 150 - 300pips (2913)



🚨/// BUY XAU : zone 2891-2894

SL: 2886

TP: 50 - 150 - 300pips (2921)


Safe and profitable trading
Trade active
Amazing signal , + 300 pips full TP signal BUY 2891-2894

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.