XAUUSD 31/3/25

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Our analysis on gold is clear—there is only one direction we should expect price action to move. For most of the past year, this asset has consistently delivered new highs, and we anticipate this trend to continue.
This is why we have a question mark next to our target as where will the next target be? We only expect higher prices here.

Gold is fundamentally driven, and with banks rushing to lower interest rates, it remains one of the best long-term stores of value. As always, our mindset is simple: if our bias is bullish, we do not expect price to pull back. A pullback would mean price moving against our bias. Maintain this perspective and expect price to continue expanding. Avoid looking for pullbacks unless there is a clear downside move.

Gold will keep setting new all-time highs. This is not a market where you should attempt to call the top—if you do, it will end up on top of you. While there isn’t much else to add to this analysis, we have identified two key areas where we would look for long positions if price pulls back, though we remain doubtful that will happen.

This is the model. These are the rules. We follow them without exception.

Stick to your rules. Stick to your risk. Let Orion lead the way.

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