empty
 
 
17.03.2025 03:53 PM
Trading Signals for GOLD (XAU/USD) for March 17-19, 2025: buy above $2,964 - $2,980 (21 SMA - 8/8 Murray)

This image is no longer relevant

Early in the American session, gold was trading around $2,990, consolidating below the psychological level of $3,000 and reaching overbought levels.

Gold is expected to continue rising in the coming hours and could reach +1/8 Murray at $3,007. If bullish strength prevails, it could reach +2/8 Murray at $3,046. To achieve this, we expect the price to remain above $2,980.

Technically, the psychological level around $3,000 could act as a pivot point. If the price of the metal falls below this level, it could rise again. On the other hand, if the price breaks above this level, the instrument could correct towards this zone.

The new all-time high reached on Friday around 3,004 will be the first barrier to overcome. From there, we could expect a move to the 3,046 level, which represents extremely overbought conditions.

On the other hand, a technical rebound around the 8/8 Murray level at 2,968 could offer an opportunity to buy gold. If this scenario occurs, overbought pressure could ease, and traders could buy XAU/USD again with a target at 3,046.

A drop below the 21 SMA could change the course, and gold could enter a bearish phase. So, we could expect the price to reach the 200 EMA around 2,883.

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