March 21, 2025 - XAUUSD GOLD Analysis and Potential OpportunityThe bullish momentum showed hesitation after reaching a new high of 3057.6, followed by a sharp decline. This indicates that buyers are starting to lose confidence at higher levels.
Summary:
Consider buying on dips only if the price stabilizes above 3022.
If the price breaks below 3022, focus on short opportunities.
Key Levels to Watch:
3060-3065: Bullish target zone
3054-3057: ATH resistance
3048: Short-term resistance
3042: Resistance
3038: Resistance
3030: Bullish/Bearish pivot line
3025: Key intraday support
3022: Final bullish defense zone
3006: Bearish target zone
Short-Term Trading Strategy:
1. For Shorts: Enter a SELL position if the price breaks below 3022. Watch 3018 for initial support; if the decline continues, monitor 3015, 3011, and 3007 as potential targets.
2. For Longs: Enter a BUY position if the price stabilizes above 3025. Watch 3027 for confirmation; if the bullish momentum continues, monitor 3030, 3034, and 3038.
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Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.