empty
 
 
06.03.2025 02:54 PM
Trading Signals for GOLD (XAU/USD) for March 6-8, 2025: sell below $2,920 (21 SMA - 6/8 Murray)

This image is no longer relevant

Early in the American session, gold traded around 2,904, bouncing back after having reached Murray 6/8 around 2,889 during the European session.

Gold could continue its rise in the next few hours and reach the top of the bearish trend channel forming since February 14 around 2,920.

On the other hand, in case gold falls below 2,903, it is expected to continue its bearish sequence and could reach 2,851 where the 200 EMA is located. The metal could eventually reach even the bottom of the bearish trend channel around 2,820.

The outlook remains positive only in case there is a consolidation above 2,925. Gold is expected to return to 2,953 and even surpass its high. Finally, the price could reach 8/8 Murray located at 2,968.

If gold consolidates below the 21 SMA, the outlook may remain negative for the next few days. Hence, we will look for opportunities to continue selling with a target at 4/8 Murray.

The eagle indicator is approaching oversold zones. So, any pullback in gold will be seen as a signal to buy. Meanwhile, above 6/8 Murray and above 5/8 Murray, any technical correction will be seen as an opportunity to buy.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback